Medicaid eligibility can be an important part of your Estate Plan. Medicaid is a joint federal/state welfare program that provides health insurance coverage to impoverished children, seniors and people with disabilities. In addition, it provides long-term nursing home care for those who are eligible.
Because Medicaid eligibility depends on a lack of assets and income, it takes careful planning to become eligible while protecting some of your estate for your spouse or your children.
We can help you accomplish this goal through the use of a number of legal tools – tools such as trusts, transfer of assets, purchase of annuities and community spouse resource allowances.
State governments contract with private insurance companies to administer and operate the Medicaid program. We can help you apply. If your claim is denied, we can help you appeal. If your appeal is denied, our litigators can help you with further aspects in the State District Court.
Through our Protocols affiliate, we advise clients on the subject of medical settlements – particularly the incorporation of public benefits into settlement strategies. A special needs trust, for example, is one of our preferred tools for supplementing Medicaid benefits and improving quality of life without sacrificing eligibility.
We work closely with you and your family, public and private benefits providers, employers, business partners, professional services providers, fiduciaries and charitable organizations to make sure that your Medicaid eligibility – as an important component of your Estate Plan – meets your unique personal and financial objectives.
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