Long-term care planning, also known as Medicaid planning, is for people who are healthy now but want to ensure that, if they become incapacitated, they will be able to get the care they need without losing their life savings. We can design a plan that allows you to protect your assets and adequately manage your financial and personal affairs in the event of incapacity or disability. With such a plan in place, you will know that you will be well cared for if you become incapacitated.
A Medicaid crisis
A Medicaid crisis is a situation wherein an individual has already entered a nursing home—or must do so very soon—and has been informed that she or he has too many assets to qualify for assistance from Medicaid. As you might imagine, finding out that you will have to pay well over $100,000 a year for nursing home care creates a crisis situation for most families. Many people are often told they have to be broke to qualify for Medicaid, something that is completely untrue. If you have been given news like this, don’t panic. You must understand that information provided by social workers, nursing home intake staff, and even Medicaid workers is quite often outdated. The laws governing Medicaid eligibility are ever-changing and quite complicated. Few people truly understand them. We do.
If you or a loved one is faced with a Medicaid crisis, contact us as soon as possible. Our Bloomfield Hills, Macomb, and Rochester Medicaid planning attorneys know how to obtain the care you need while protecting your life savings.