Medicaid or Medical Assistance planning may help to protect you and your family. Medicaid is funded by the federal government and Pennsylvania as a need-based program, which means that people who apply must demonstrate their eligibility, both medically and financially. This eligibility process can be an overwhelming task, as the paperwork and necessary documentation can be very confusing. In addition, even understanding the technicalities can be difficult – some individuals might be under the impression that the only way to qualify for Medicaid/Medical Assistance is to spend down all of one’s assets. However, this is not the case since certain assets are not counted when determining financial eligibility.
It is possible for one spouse to become eligible for the program even while the other maintains financial well-being. Just as each marriage or family situation is unique, it is important to create a unique Medicaid plan. One plan does not suit everyone, and lawyers at our firm recognize this – they understand the importance of understanding your individual situation and creating a Medicaid plan that best protects you and your family.
Medicaid or Medical Assistance planning helps to protect as many assets as permitted, whether that is for the spouse remaining at home, a caregiver child or for a minor or disabled child. Lawyers at our firm have extensive experience in Medicaid planning and in helping families take care of themselves, their loved ones and their future.
If planned correctly, paying for long-term care does not have to be as frightening or difficult as it first appears. Medicaid or Medical Assistance planning, if done right, can be achieved without being forced to spend down all of a family’s assets. For more on Medicaid or Medicaid Assistance, visit our Medicaid/Medical Assistance Planning page.