One of the most common misconceptions about long-term care Medicaid policies, is that if you have any assets at all, you don’t qualify for assistance. This is simply not true.
Time is money when it comes to asset protection planning so the earlier you plan the better. The best time to engage in Medicaid planning with Friends for Life Medicaid Consultants is well before a health care crisis. Early planning allows you to keep your options open and to receive care where you want it, such as at home, in assisted living or to protect assets from spend-down should you require nursing home care. That said, it’s never too late to protect your hard-earned assets. Even if you’re already in a nursing home, we can still help.
Most of us want to live in our homes for as long as we can and New York has Medicaid home care benefits available with only a one-month look-back period. We use strategic legal techniques such as trusts and life estates to help you accomplish your home care goal while ensuring the Medicaid application process is quick and easy. We are also mindful of possible future institutional Medicaid benefits in the event nursing home care is ever needed.
Even if you do not plan on ever seeking nursing home care, it is vital to understand how Medicaid works and seek the professional expertise of a Medicaid planning expert. Failing to do so could result in you being penalized in the future for decisions you make today, even with the best of intentions.
We will be your advocate with Medicaid, and will handle all correspondents related to your application. We specialize in Medicaid pre-planning, asset preservation and crisis management.
Unlike many of the other New York Medicaid resources you may find, such as social workers or hospital discharge planners and attorneys, we advocate for you and our only concern is helping you create a plan that works in your favor. We’ll walk you through the process of structuring your property, so your assets will go to your loved ones — instead of being unnecessarily spent down on the costs of your care.
It is almost never too late to protect some of your hard-earned money for your family or favorite charity. Even if you are already in a nursing home, we can usually help. One of the most common misconceptions of Medicaid planning is that it must be done well in advance of going to the nursing home.
Families come in all shapes and sizes, and finances can put undue strain on any family relationship. If your family refuses to communicate, or if you have a difficult time discussing financial matters, allow a professional Friends for Life Medicaid Consultant to mediate.
If you waste too much time arguing or put off making the tough financial decisions, there won’t be any of your hard-earned money left to dispute over. The presence of a Friends for Life Medicaid consultant can alleviate some of the tension by serving as an expert and disinterested third party. Our team will be by your side with a sympathetic listening ear, and we will do our best to get everyone on the same page with the Medicaid eligibility plan you have chosen. Our Friends for Life Medicaid consultants have been thanked for being the calm voice of reason in a storm of emotion, so don’t be afraid to voice your concerns and use our experience navigating these important conversations with your loved ones.
Medicaid rules vary from state to state. Unfortunately, it’s easy to make a mistake or get well-intended, but bad advice. Whether you work with our agency or not, please don’t try to do-it-yourself when it comes to Medicaid applications.
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