315.635.3222
We counsel clients regarding asset protection planning options available to help minimize out of pocket expenses for long-term care and assist with the process of applying for Medicaid for skilled nursing home stays.
The cost of long-term care is increasingly expensive. Traditional health insurance and Medicare provide only limited coverage for long term care nursing home stays. There are insurance policies specifically designed to pay for long-term care expenses, but these policies can be costly and need to be purchased before there is a need for this type of care.
Medicaid is the only other available program that will pay for chronic long-term care in a skilled nursing home facility, but it will only pay for such care if an applicant meets its eligibility requirements. Those requirements and the process of applying for Medicaid are among the least understood and most complicated procedures currently facing our senior populations.
We apply complex Medicaid rules and procedures to protect our clients’ individual circumstances and recommend asset protection strategies for our clients when appropriate. Each of the alternatives has its own practical, legal, and tax ramifications so there is no single best solution for everyone. The personal and financial circumstances of each individual and family must be considered when exploring options.
If you would like to meet with us to discuss your asset protection planning options, please contact Brittney Keehfus to schedule an appointment with attorney Sara Connell Brady.