Florida Medicaid Planning for Seniors
Florida Medicaid is not just for those with limited income or assets.
Fortunately the U.S. Congress and Florida law enables middle class and upper
middle class families with substantial assets to qualify for benefits.
We help seniors restructure their assets, so they may qualify for assistance under current Medicaid requirements, in order to help them pay for costly Assisted Living or nursing home expenses that can exceed $70,000 per year. Even if you have hundreds of thousands of dollars in assets you could still qualify for Medicaid Benefits with the proper planning.
Eligibility for Medicaid can be strict, as the income and asset restrictions are very low; however, Medicaid rules allow placement of some items in an exempt category and others in a non-exempt category when determining a person's eligibility. Only those assets in the non-exempt category will affect the person's chances of being approved for Florida Medicaid.
This service is intended to help seniors or their children move assets, property, and income belonging to the individual who needs assisted living or nursing home care from the non-exempt category to the exempt category, so that these items no longer are affecting the person's eligibility for Medicaid.
A structured approach to Florida Medicaid planning
During the Medicaid planning process, we will first determine what assets already fall into the exempt category and which do not. We will then determine the value of the assets remaining in the non-exempt category, in order to determine which assets need to be moved into the exempt category.
Next, we will determine where those assets can be moved to, in order to make them exempt under current Medicaid rules. All asset restructuring will be legal as enacted by the U.S. Congress and within the guidelines for Medicaid.
Since this is often the only option one has to receive nursing home or assisted living care assistance from the State, being approved for this program can be crucial for many people.
Medicaid planning can help those who are currently ineligible for Florida Medicaid meet the eligibility requirements for this important program. If you or a loved one needs help qualifying for Medicaid, please contact our office to discover how we can assist you.
Get in touch with us
We are ready to help you determine if you can benefit from Medicaid Planning. In fact our first consultation is free to you. For your free consultation with Attorney Frazier about getting coverage for assisted living or nursing home care from Florida Medicaid contact us now.
Want to learn more about Medicaid and keep up-to-date on the current news and laws surrounding Medicaid eligibility? Then sign up for our free monthly newsletter, delivered straight to your inbox, by visiting our Free Resources page.
We can help you with much more than just Medicaid planning. To learn about our other services, please see our Practice Areas.
