The Villages Medicaid Attorney
Adult children and other family members often want to care for their parents and other loved ones as they age. Unfortunately, many people do not have the resources or the time to provide the round-the-clock care that is required as people get older. For this reason, many families admit their loved ones into nursing homes. However, the cost of care in nursing homes can reach up to $100,000 a year, or even more. Few families can afford this type of care and no one wants to see an older individual’s assets diminished just to provide the care they need. Contact our The Villages Medicaid attorney to learn more about how careful planning can help.
What is Medicaid Planning?
Medicaid planning in The Villages, and throughout the United States, is a process of structuring assets and income in a strategic manner so individuals qualify for Medicaid benefits that can help cover the cost of long-term care. Medicaid planning can also protect assets for future needs. Medicaid planning is especially important for seniors and disabled individuals who might require nursing home care or other long-term care options in the future. Medicaid planning involves a number of financial and legal strategies to meet the eligibility criteria.
Who Does Medicaid Cover?
Medicaid plays an important role and provides health coverage for low income individuals, including families and the elderly. Medicaid allows many people to access essential health care services, including:
- Health coverage for low-income individuals: Medicaid offers programs for low-income individuals and families who might not otherwise be able to access sufficient health care services.
- Elderly assistance: Medicaid in Florida also provides support to the elderly population by ensuring they have access to long-term care and other health care services that support elders and help maintain their well-being.
- Managed care options: Medicaid in Florida also provides managed care options to assist individuals and make it easier for them to manage their health care needs. These include the ability to change dental or health plans through an online portal.
Eligibility Requirements for Medicaid
While Medicaid provides important services, not everyone qualifies. The eligibility requirements to obtain benefits are as follows:
- Individuals must be residents of Florida.
- United States citizens, permanent residents, or legal immigrants are eligible but must show proof of citizenship or legal immigration status.
- Eligibility for Medicaid in Florida is income-based and there are specific income thresholds that determine qualification. These thresholds change every year.
- In addition to income limits, there are also limits on a person’s assets and these change regularly, as well.
Our Medicaid Lawyer in The Villages Can Advise On the Strategies to Help
There are many different strategies you can use to plan for Medicaid. These include trusts, spousal transfers, lady bird deeds, and more. William Rambaum, P.A., is a Medicaid attorney in The Villages that can review the facts of your case and help you determine which strategy is right for you so you are eligible if you ever need benefits in the future. Call us now at 727-781-5357 or contact us online to schedule a consultation with our experienced attorney and to learn more about how we can help.
