IS MEDICAID ONLY FOR THE POOR?

Need-BasedHEALTH

INSURANCE

Medicaid is a program that provides health insurance for

people with financial need

AND INCOME LIMITS

Asset

Because Medicaid is a need-based program, there are asset

and income limits

If you have significant assets, you cannot qualify for Medicaid

Long-Term Care

Most senior citizens will eventually need long-term care

Medicare will not pay for a stay in a nursing home or assisted

living community

These facilities are very expensive

Can HelpMedicaid

Medicare does not pay for long-term care, but Medicaid will

assist with these costs

Because of this, many elders who were never poor ultimately seek

Medicaid eligibility

Spend DownMedicaid

To qualify for Medicaid, you could initiate a Medicaid spend down

This is a divestiture of assets

MedicaidPLANNING

There is a five-year Medicaid look-back period

If you give away assets within five years of applying, your application will be denied

As a result, it takes careful planning to be able to qualify for Medicaid at the right time

MEDICAID PLANNING CONSULTATION

If you would like to discuss Medicaid planning with a licensed

elder law attorney, contact our firm to schedule a consultation

Click to visit:

organizeyourassets.com