How to Use Medicaid Planning To Fund Long Term Care?

As Medicaid eligibility rules are byzantine and complex, it’s nearly impossible to do effective Medicaid planning without expert guidance. Thus, the uninitiated often spend everything on nursing home care, even though elder law attorneys can help most individuals protect part of their hard-earned savings and still qualify for Medicaid to fund long-term care. You can check this link atlantaestatelawcenter.com/medicaid/ to get the best Medicaid planning advice.

Common Law Definition: History, Uses, & Example

Although federal rules set basic standards, states have substantial leeway to fine-tune available Medicaid benefits and qualification requirements. Since Medicaid programs vary by state, Medicaid planning should be based on the law of the state in which an individual will receive long-term care, and Medicaid recipients who change states must qualify anew.

Therefore, as with wills and powers of attorney, Medicaid planning may require significant change when seniors move from Florida or other states to be closer to their children.

Depending on the kind and extent of impairments, individuals can receive long-term care in many different environments. Still, most people either enter a nursing home or assisted living facility or receive care at home. Fortunately, Medicaid can fund each of these arrangements.

Care Options and Medicaid Coverage

Nursing homes have a poor popular image, probably due to their decidedly institutional look and feel. Unfortunately, however, they usually are the only option for people who need substantial assistance with many activities of daily living. Assisted living facilities are an intermediate step more akin to a senior citizen apartment building with dining, activities, and staff on site.