Medicaid is a State and Federal Government program that pays for certain health services and nursing home care for older people with low incomes and limited assets. Medicaid also pays for some long-term care services at home and in the community. Eligibility is most often based on your income and personal resources.
Medicaid is now the single largest provider of financial assistance for nursing home residents in the United States. Considering the cost of nursing home care and the number of families who must place a loved one in a nursing home, this is not surprising.
Whether you are healthy now but want to prepare financially for the possibility that you will need expensive long-term care in the future or you are facing a situation where you have entered a nursing home, or must be admitted to one soon, you should consult an Elder Law attorney. Given that almost 70 percent of people age 65 and over will need long-term care at some point, long-term care planning is extremely important.
Medicaid rules are complex and confusing. Often clients mistakenly rely on information received from friends, neighbors and family members instead of consulting an Elder Law attorney. There are strict laws governing eligibility for Medicaid benefits to pay for long-term care. Many people are under the impression that they can simply give property and money away to loved ones to become eligible for Medicaid assistance. While gifting is possible, there are severe penalties for doing it improperly. This includes denial of benefits for several years.
Contact Ozark Law Firm, LLC today to discuss your situation. You are not alone during this difficult time. We are here to help you.