Get Help Planning for Your Future with a Medicaid/Medicare Planning Attorney
A Medicaid/Medicare planning attorney at Deason Garner & Hansen Law Firm can help clients become eligible for Medicaid and receive financial support for long-term care. Our attorneys have more than 20 years of experience in estate planning. We have a thorough understanding of Medicaid and Medicare and the various laws surrounding these plans. Healthcare for seniors or disabled persons is not only expensive but can exceed a person’s financial means. Creating an effective plan with the help of our expert attorneys can ensure you avoid penalties and other factors that may disqualify you from the care you need.
A estate planning attorney can help you ensure that your family has the provisions they need while also allowing you qualify for Medicare or Medicaid.
Difference Between Medicare and Medicaid
Medicare provides healthcare for persons over the age of 65. It is a federal program intended for more short-term use. Medicaid, however, provides healthcare for those with low incomes, regardless of age. Both the federal and state governments fund this program. It is possible to qualify for both programs (known as dual eligibility).
Healthcare for seniors or disabled persons is not only expensive but can exceed a person’s financial means.
Laws Affecting Eligibility
Laws surrounding these programs have changed in recent years. There is now a “look-back” period of five years (instead of three). This means the government can look back up to five years to evaluate your income. Gifts, assets and other factors within these five years can significantly affect your eligibility for these programs. Fortunately, our attorneys can help you understand these laws and ensure you take the necessary steps to qualify when the time comes.
Importance of Planning Ahead for Healthcare
In a lot of cases, seniors move into a nursing home and must use their own savings to pay the exorbitant costs. Once their savings run out, they can then qualify for Medicaid to pay the costs of the nursing home. With proper planning, however, clients can become eligible for Medicaid sooner, without eliminating their life savings. Investing in long-term care insurance can also allow you to experience the full benefits of the Medicare and Medicaid programs.
Benefits of Working With Our Medicaid/Medicare Planning Attorneys
Our attorneys have a thorough understanding of the laws surrounding these programs. We can analyze your financial situation and determine the best way to protect your estate for the benefit of a spouse or children with an individualized asset protection plan. At Deason Garner & Hansen Law Firm, our attorneys have a variety of tools and strategies at our disposal to help you make the most of your assets without affecting your eligibility for future Medicaid/Medicare needs. We will work with you to develop the best plan for your individual situation.
Plan for Your Future Healthcare Needs
Waiting to plan for your future healthcare needs can mean spending your life’s savings on nursing home costs. This can leave your spouse or family without the financial means they need. With proper planning, you can ensure your family has the provisions they need while also ensuring you qualify for Medicare or Medicaid. Contact us today at (928) 783-4575 for expert advice from our Shawn D. Garner or Adam D. Hansen and to learn more about Medicaid and Medicare planning in Yuma, Arizona.
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