Many senior citizens need long-term care at some point. Some senior citizens do not have family members who can give them the kind of care they need, and because of that as well as many other factors, they will need nursing home care. 

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But nursing home care and other long-term care arrangements are expensive. Medicaid can help fund these things, but you must meet the financial qualifications. Estate planning is critical for many people to be able to qualify. At The Feller Group, P.C., our estate planning attorneys will walk you through the estate planning process and help you begin planning for Medicaid early so that you and your spouse will qualify if or when the time comes and you need the help. Call (845) 621-8640 to schedule a Free Consultation today.

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What is Medicaid Planning

 

Medicaid Planning in New York is a process of evaluating and organizing a person’s financial and medical information to determine if they may qualify for Medicaid benefits. This process involves exploring various strategies for protecting assets, reducing liabilities, and qualifying for Medicaid coverage without depleting a person’s life savings. Medicaid Planning in New York can help individuals and families access the care they need while preserving their financial security.

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What Does an Elder Law Attorney Do?

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An Elder Law Attorney in New York can help you and your family with understanding and applying for Medicaid benefits. This might include helping you create a plan to protect your assets and maximize your eligibility, as well as helping you navigate the complex Medicaid rules and regulations. An Elder Law Medicaid Attorney also helps individuals and families protect their life savings and their homes from the high costs of long-term care, including nursing home care, home care, and assisted living facility costs. This is accomplished by engaging in asset protection planning and planning to qualify for Medicaid benefits.

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Why do People Plan for Medicaid?​

 

There are multiple reasons why people engage in Medicaid planning to qualify for the program. Three common reasons are:

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1. To obtain coverage for the cost of long-term care that they would not otherwise be able to afford;

2. To preserve assets that may otherwise become part of Medicaid’s estate recovery program; and

3. Because the Medicaid application process can be confusing, getting assistance from someone who understands how it works can prove very beneficial in the long run.

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Medicaid planning benefits people who need the services provided but fear they may not qualify. If you do not have the financial resources or family members who are able to care for you when it becomes harder for you to do it yourself, you should speak to an attorney to plan your estate. Qualifying for Medicaid can be a big help just when you need it.

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What are the benefits of Medicaid Planning?

 

The benefits of Medicaid Planning are:

• Preserving assets for a spouse

• Protecting assets for children, heirs, and other beneficiaries

• Saving funds for quality-of-life items not covered by Medicaid

• Protecting the home from a Medicaid lien

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Our Additional New York Medicaid Planning Services:

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- Medicaid Home Care Coordination

- Home Care and Nursing Home Applications

- Medicaid Asset Protection Trusts

- Asset Protection

- Promissory Note Planning

- Medicaid Fair Hearings and Appeals

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