With proper planning, Medicaid can be utilized to bear the cost of skilled nursing care without draining the resources of an individual. To qualify for Medicaid, an individual and, if married, the spouse must have income and resources below the allowable limits.
If your spouse, parent, or loved one requires nursing care, you can discuss your situation with an elder law attorney that can review your case and help with the following:
- Long-term care
- Nursing home planning
- Estate planning and trust management and administration;
- Protection of a spouse through preservation/transfer of assets when the other spouse enters a nursing home
- Insurance, Social Security, Medicare, Medicaid, and disability claims and appeals;
- Elder abuse, exploitation, discrimination, patients’ rights, and fraud recovery cases;
- Health and mental health law;
- Determine how to pay for nursing home care;
- If a spend-down is necessary, select options to benefit the individual and the spouse still living at home; and
- Determine whether assets can be transferred to a loved one without incurring a penalty.
The cost of skilled nursing care, which is generally provided in a nursing home but can be provided in the individual’s home, is expensive, and it can frequently deplete an individual’s assets if he does not have long-term care insurance or Medicaid.
People often have misconceptions about how to pay for skilled nursing care and what will happen to their loved one’s assets, including the individual’s primary residence, which generally comprises the majority of an individual’s assets. Some individuals choose to navigate the Medicaid application without an attorney and inadvertently make costly mistakes that could have been avoided with proper planning.