Being in long-term care or a nursing home without a plan is a top concern among most seniors in Indiana. Due to the high cost of nursing homes, failing to meet the Medicaid requirements can deplete your life savings and lead to the liquidation of real estate and valuable personal property. As a result, this may place other family members in a financial crisis.
Medicaid can offer an excellent opportunity for you to cover your long-term care costs. However, meeting the requirements is not always straightforward. If you do not think you will qualify, or previously applied and were denied Medicaid benefits, know that you do have options.
At Applegate & Dillman Elder Law, we have helped many families qualify for Medicaid. With our holistic approach that combines healthcare and legal perspectives, we can help you develop a plan for long-term care that protects your family and preserves your wealth.
What is Medicaid?
Medicaid is a federal health insurance program that covers Americans with low income. Medicaid comes in handy when families need to pay for long-term care or those who don't have health insurance coverage. Working with a Medicaid planning attorney from Applegate & Dillman Elder Law allows you to understand the dynamics of Indiana Medicaid limits and laws.
Our Medicaid planning lawyers will help you maximize the use of estate planning strategies to enable you to qualify for Medicaid without losing your assets.
Why Should I Apply for Medicaid?
- Protecting your assets- The cost of a nursing home or long-term care can lead you to spend your life savings or sell your valuable assets. Applying for Medicaid can help cover the cost of your long-term care. We will evaluate your assets and decide which asset protection strategy suits you best.
- Preserving wealth for family/heirs- While you can quickly transfer your property to your heirs, this may limit you from meeting your long-term care needs. With Medicaid, you can preserve your assets for your heirs and still get the long-term care you need.
Who Qualifies for Medicaid?
A senior may qualify for full or limited Medicaid coverage depending on several factors, which may change over time. For the most up to date information about qualifying for Medicaid, you can visit www.medicaid.gov for more information. If you are not sure if you qualify for Medicaid, we encourage you to call our office and speak with our team to determine eligibility.
What are the Benefits of Hiring a Medicaid Planning Attorney?
Our Medicaid planning attorneys have extensive knowledge and experience in completing accurate Medicaid applications. At Applegate & Dillman Elder Law, we will work with you to provide the paperwork needed to complete the application. We also have what it takes to ensure you create an effective plan to protect your assets.
Schedule an Appointment with Our Medicaid Planning Lawyers
If you need help planning for your family's future, our Medicaid planning lawyers are here to help. Reach out to us through our contact page or call (317) 492-9569 to learn more about our services and schedule a Medicaid planning consultation.