Need help understanding Medicaid?
You or a loved one needs help paying for the mounting medical expenses that result from aging. While Medicaid can prove a boon to the elderly in need, Medicaid isn’t straightforward. For example, the Medicaid eligibility rules set limits for the total resources that an individual or couple may possess. This leads well-intentioned medical professionals to recommend “spending down excess resources” to qualify, often leaving a spouse and family with a fraction of the assets. However, this approach overlooks an opportunity to protect a substantial portion of the resources for the spouse living in the community and family, while becoming eligible earlier. The estates and elder law attorneys of Mooney & Associates specialize in Medicaid planning, focusing on areas such as:
- Medicaid eligibility
- Medicaid vs Medicare discussion
- Medicaid application
- Veterans benefits
By following the current Medicaid law, we can create a plan to reallocate the “excess” resources that would otherwise be spent on the nursing home care. The experienced attorneys at Mooney & Associates can help you navigate you through the complex relationships between the IRS, Medicaid, and Veterans Administration rules to protect assets for yourself and for your loved ones! Working with our expert attorneys for Medicaid planning facilitates the best plan and the best outcome. Contact us for a free consultation.