Medicaid Planning and Asset Protection

Medicaid Planning & Asset Protection

When planning for their future, many people choose to use a Medicaid planning lawyer Arlington, TX residents rely on. In these times of great medical advances people are living longer than ever before. Because of this, it is expected that may seniors will require some form of long-term care. Unfortunately, many seniors are not ready for the huge financial burden long-term care places on their and their family’s hard-earned savings. Even those who have worked hard to plan ahead are often surprised by the enormous expenses of long-term care and realize all their planning wasn’t enough.

When it comes to planning for long-term care and Medicaid, many seniors are hesitant to hire the help of an attorney because they think they either do not need their help or they are too expensive. However, an attorney can help families save more money when it comes to planning for the future and they can help you ensure your loved ones are getting the best care possible. Especially with old age, judgment can get cloudy. If your loved one has not created any type of plan, it can be highly beneficial to bring in a trustworthy Arlington, TX Medicaid planning lawyer who can walk them through the process and show them the different benefits they can get. If you would like to speak with an Arlington, Texas Medicaid planning lawyer about how they can help with Medicaid planning and long-term care, reach out to the attorneys at Brandy Austin Law Firm, PLLC now.

You Can Expand Your Long-Term Care Options

Few seniors are able to afford private pay care without also wiping out their savings in a matter of months. Some security and peace of mind can be gained by planning ahead and purchasing long-term care insurance. Unfortunately, many can’t afford the high cost or cannot qualify for long-term care insurance. But, even those who do have long-term care insurance should be familiar with what their policy covers. Many policies have high deductibles or do not provide care for the length of time needed in that individual’s circumstances.

Medicaid or VA benefits may be the best options to cover the cost of long-term care for seniors who have no other way to finance it. Medicaid provides medical assistance to low-income individuals, including those who are 65 years or older, disabled or blind. Almost the entire cost of nursing home care may be covered for those who qualify.

Focusing on Medicaid Eligibility

Medicaid provides medical assistance to many individuals, including those who are 65 or older, disabled or blind. Medicaid is the single largest payer of nursing home bills in America. Although eligibility rules vary from state to state, federal minimum standards and guidelines must be observed. Our experts are well-versed in the guidelines for Texas and can help guide you through the process. Let our legal team provide a comprehensive plan that will help put you mind, and wallet, at ease.

The regulations governing Medicaid and VA eligibility are complex and confusing. Brandy Austin Law Firm, PLLC can make sure that your assets are protected from the cost of nursing home care while providing security for your spouse and a legacy for your children.

Another Option May Include Veterans Benefits

Veterans or their widows may be eligible for additional income through the Veterans Aid and Attendance Program. VA Aid and Attendance (A&A) benefits are for veterans and surviving spouses who require the regular attendance of another person to assist in eating, bathing, dressing and undressing, or taking care of the needs of nature. It also includes individuals who are blind or a patient who is in a nursing home because of mental or physical incapacity. Assisted care in an assisting living facility also qualifies.

Qualifying applicants may receive a pension or survivor’s benefits, plus additional money to pay for medicine. We understand the difficult financial situation that veterans and their widows face. We are are here to help you. There are no hidden fees. We charge a flat fee for all of our planning services. Call us today to speak with our friendly and knowledgeable attorneys and legal professionals today at 800-958-4948.

Ways an Attorney Can Help You

There are many ways that an Arlington, Texas Medicaid planning lawyer can help your elderly loved one as they consider Medicaid and determine the best long-term care plan for them.

  • There is not a conflict of interest. When an attorney helps your loved one out with Medicaid planning, it can save your senior family member a great deal of money. If you and your loved one decide that a nursing home facility is the best option for them, then a nursing home may recommend their own party to help you with the Medicaid application. However, the nursing home makes more money if the resident pays privately, thus, their own party is working in the best interest of the nursing home. When you hire an attorney, they only have a loyalty to you and will ensure you fill out your Medicaid application promptly.
  • There is a deep knowledge of the field. When you work with an attorney from Brandy Austin Law Firm, PLLC, you know you are getting an attorney who not only cares about their client but has the information and knowledge necessary to negotiate with nursing homes and find ways for their clients to save money and live more comfortable lives.
  • They can save you money. An attorney with Medicaid knowledge and knowledge of long-term care can help you sort out your options when it comes to how your elderly loved one wants to live their life. Processes that would be difficult and complex to go through on their own can potentially be sped up significantly with the help of an attorney, and because long-term care facilities are so expensive, this could end up saving your loved one tens of thousands of dollars.

 

  • They can give you and your loved one peace of mind. An attorney can never guarantee results for their clients, but even a consultation and advice on the best options can give you and your loved one peace of mind. When obstacles come up throughout this process, your attorney can be the one who helps you get over these hurdles instead of facing them alone.

For more information and to set up a consultation with a Medicaid planning lawyer Arlington, TX residents rely on, speak with Brandy Austin Law Firm, PLLC now.

 

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