Long-Term Care Planning Focused On Securing Care
The United States Congress created the Medicaid program in 1965, with the passage of Title 19 of the Social Security Act. It is funded in part by the federal government but largely administered by each state.
Medicaid is an entitlement program that offers a broad array of medical care benefits provided by both the federal or state offices in support of the less fortunate, with specified financial income and asset eligibility requirements or threshholds. Proper asset protection planning can help you meet Mediciad’s financial eligibility criteria.
If you or a loved one is eligible for Medicaid, the program will cover physicians’ services, hospital care, medications, medical supplies, and other care costs.
Some individuals will require care from a nursing home or other long-term care facility that provides room and board, nursing and therapy services, and personal care. These costs can be covered by Institutional Medicaid to pay for your stay in a nursing home or skilled nursing facility.
While Medicaid is a traditional payment method for nursing home care, most prefer to stay at home to receive care. Medicaid can also provide in-home health aides and additional care services for those who wish to remain at home. It is even possible that Medicaid will compensate family members for providing care to a loved one.
In the state of New York, spousal refusal is recognized, which allows the community (non-institutionalized) spouse to retain resources and assets to maintain their standard of living rather than contribute to the expenses associated with their loved one receiving care in a nursing home.
Standards and guidelines to determine Medicaid eligibility and other requirements vary from state to state—they also differ significantly on which services they will cover or provide. Don’t try to navigate Medicaid alone, partner with knowledgable attorneys who understand the intricacies of the New York and New Jersey systems.
Our firm has extensive experience in negotiating the complex world of Medicaid. We have achieved remarkable results for our clients on a host of Medicaid-related issues.