It goes without saying that people are living longer than ever before. While this is good news for everyone, there is something to remember: you could still run into difficult times at some point in the future.
Here’s some more good news: there are a variety of government programs you can turn to for assistance. For example, Medicaid comes into play for millions of Americans. Medicaid.gov defines this as follows:
“Medicaid is a joint federal and state program that, together with the Children’s Health Insurance Program, provides health coverage to over 72.5 million Americans, including children, pregnant women, parents, seniors and individuals with disabilities. Medicaid is the single largest source of health coverage in the United States.”
As people continue to live longer, it’s safe to assume that many will look into whether they qualify for Medicaid. Along with this, it’s possible that a longer life expectancy could begin to put a strain on the Medicaid system.
With all this in mind, you need to learn as much as possible about Medicaid. Furthermore, you should examine whether you qualify for benefits at the present time. Even if you can’t obtain Medicaid benefits today, you may be able to make some changes that allow you to take advantage in the future.
With all this in mind, there are many reasons why you should turn to an attorney to assist with Medicaid planning. Consider the following:
- An attorney can help you separate fact from fiction. If there is something you don’t understand, if there is something that has you confused, your legal team can answer your questions and help you understand what you should and should not be doing.
- To apply for benefits. Do you have reason to believe that you are eligible for benefits? Are you ready to take advantage but not exactly sure of how to move forward? This is yet another instance in which an attorney can step in and provide you with guidance. You don’t have to guess as to whether you are making the right decisions. When you work with an attorney, you can guarantee that you are on the right track.
- To help protect a loved one. For example, you may be creating an estate plan with a disabled child in mind. In this case, you need to make key decisions to ensure that your child is able to receive government benefits in the future, even after they receive an inheritance.
If you don’t have any experience with the Medicaid system, if you don’t know the first thing about Medicaid planning, you don’t have any time to waste. You could be making mistakes that cost you money and keep you from receiving the best possible medical care.
Conclusion
At our law firm, we stay educated in regards to Medicaid changes. With this approach, we can pass our knowledge along to our clients. It’s our job to make sure every decision you make is the right one.
- Common Mistakes in Estate Planning - March 16, 2023
- How to Conduct an Estate Plan Review - March 15, 2023
- What Happens When You Don’t Trust Your Trustee – Part I - March 14, 2023
