Don’t be misinformed on Medicaid

| Nov 22, 2015 | Medicare Planning

It is a common misconception that in order to receive Medicaid benefits, an individual must be poor. This simply is not true. In fact, with proper planning many people can receive Medicaid benefits while protecting their assets and property from the threat of spend down. While estate planning is confusing on its own, trying to plan for future medical expenses at the same time can be downright maddening. That is why individuals looking for asset protection and Medicaid benefits should speak to a trusted elder law attorney.

With the help of an experienced elder law attorney, individuals can receive the peace of mind that comes from knowing their valuable assets are protected, and their health care is covered. Many times, a quality elder law attorney will collaborate with a specialized elder care coordinator to provide seniors with the trusted advice they need to properly plan for the future.

Every situation is unique and requires the customizable attention of a skilled attorney. Whether seniors want to protect assets and property for future expenses or leave them to loved ones, an elder law attorney can help make the necessary arrangements to see that estate plan wishes are carried out properly.

For many people, estate planning and Medicaid coverage are two separate concerns. However, they can be combined to give seniors a full range of coverage and protection for every situation. Individuals that have worked hard their whole lives don’t have to give up their lifetime of assets to receive Medicaid. With the knowledge and resources of a highly skilled elder law attorney, seniors can take comfort knowing their needs and assets are well covered.