Wentzville Elder Law Lawyer
If you are 65 years of age or older, blind, or disabled, then you may be eligible for a low-income public benefits program called Medicaid. This program was structured to help seniors and others who are not able to cover all of their long-term care costs. With the current changes to government regulations, seniors have to be proactive when maintaining their coverage. Our Wentzville, MO elder law lawyer knows there are several regulations related to income caps, lookback periods, waiting periods, and transfer penalties. Along with updates to federal laws, the qualifications also differ by state significantly. If you reside in the state of Missouri and have questions about Medicaid, our team at Legacy Law Center is ready to assist you!
How To Qualify For Medicaid
Medicaid is a combined program between the federal and state governments. It offers health insurance and nursing care coverage for adults who are low-income. It includes those who are of senior age, blind, or disabled. In order to qualify, your assets and income cannot exceed set limits. Our Wentzville elder law lawyer can review with you the strict limits when transferring your wealth and assets. If you do not comply with the laws of transfer, you will be denied the ability to receive Medicaid benefits. While your current income and assets may prevent you from eligibility in the future, which some thoughtful planning ahead of time with our elder law attorney, you can:
- Transfer assets to beneficiaries
- Set aside money for daily expenses
- Prepay funeral expenses
- Qualify for Medicaid to pay for medical and nursing care
Protecting Your Assets Now
We are here to help you plan for the future while protecting the legacy you have built. Our elder law attorney can create a legally compliant plan that allows you to reorganize your assets so Medicaid does not consider them when assessing eligibility. If you need nursing care in the near future, Medicaid can cover these costs and you won’t have to use your own financial resources. Our elder law attorney knows that thinking about a time when you are not able to care for yourself can seem scary to figure out now. However, you can achieve peace of mind knowing that when the time comes, you are able to enjoy the benefits while feeling secure.
Legacy Law Center
If you are thinking about planning for Medicaid eligibility, we are here to listen to your situation and make recommendations. At Legacy Law Center, we can help you find solutions that meet your needs. The process of applying for Medicaid can seem intimidating, but with our guidance, you won’t have to worry about making mistakes. Nursing home care and other medical care costs can get expensive. The possible solution for your concerns may be to plan now for the future eligibility of Medicaid. This program can make a difference in the quality and consistency of your care. Please reach out to our Wentzville elder law lawyer today for any questions you may have. We are ready to help!
