People often make the mistake of assuming that their health insurance or Medicare will cover all their healthcare expenses during their golden years. Unfortunately, this is rarely the case. For this reason, Medicaid planning is a highly recommended addition to any complete estate plan.
The elder law and Medicaid planning attorneys at the Mendel Law Firm, L.P. can help explain why Medicaid planning is so important. They can also sit down with you and develop a Medicaid plan to incorporate into your overall estate plan. Don’t wait until you actually need benefits to worry about Medicaid eligibility–contact us today by calling 281-759-3213 or by filling out our online contact form to ensure that you will be eligible when you need care.
What Does an Elder Law Attorney Do?
With the older population in the United States growing at an unprecedented rate, issues that affect the elderly are becoming more important. The law, therefore, has developed an area of specialty known as “elder law”. An elder law attorney doesn’t focus on a single, narrow area of the law. Instead, an elder law attorney focuses on the broader legal issues faced by the elderly and those who care for them. This may include healthcare, housing, or estate planning concerns, for example. Any legal issues that affect the physical and emotional well-being of the elderly and/or their loved ones fall within the purview of “elder law”.
What Is Medicaid Planning?
One of the most common concerns of the elderly and those who care for them is long-term care. As the average life expectancy of an American continues to increase, so does the chance that you will need long-term care at some point in your life. Unfortunately, the cost of long-term care is rising as well and is not covered by most health insurance policies. Because Medicare doesn’t cover long-term care either, many elderly individuals turn to the Medicaid program. Medicaid, however, has very low asset limits that can prevent eligibility. Medicaid planning involves creating a plan to protect hard-earned assets while ensuring that benefits will be available when they are needed. Medicaid planning is a common issue handled by an elder law attorney.
At the Mendel Law Firm, L.P. our elder law attorneys are committed to helping you create a Medicaid plan that will protect your assets and ensure that you will be able to cover the costs associated with long-term care when you need it. Contact us today by calling 281-759-3213 or by filling out our online contact form to get started on your Medicaid plan.