Medicaid Planning

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Medicaid Planning

Medicaid is a public benefits program structured to provide health coverage to low-income individuals, including those who are 65 or older, disabled or blind. The program acts as a safety net to those seniors who can not afford to cover all of their own long-term costs. In Missouri, most medicaid benefits are available only in skilled nursing facilities (a nursing home as opposed to an assisted living facility).

With recent changes in the government regulation of Medicaid, seniors most be proactive when planning for  their coverage. Changes from the Deficit Reduction Act of 2005 have resulted in complex eligibility requirements for those in need of Medicaid benefits. It’s no longer as easy as reviewing one’s bank statements – there are a myriad of regulations including: lookback periods, income caps, transfer penalties and waiting periods to plan around. In addition to the federal laws, eligibility can also differ by state quite substantially.

Anyone attempting to apply for Medicaid here in Missouri needs to know the rules. Certain actions with respect to assets can lead to penalties which can delay receiving Medicaid benefits.

How can Legacy Law Center help?

We can determine whether the client can qualify for Medicaid benefits and the best way to get approved right away.


 

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