Catasauqua, PA Medicaid Planning Lawyer

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Many people don’t realize that…

⚠️ A private or semi-private room in a Pennsylvania nursing home can cost as much as $10,000 annually!

⚠️ The majority of today’s 65 year-olds have about a 70% chance of needing some type of long-term care support in their remaining lifetime!

⚠️ Medicare does not cover the costs of long-term care, and most private health insurance plans don’t either!

While you might have worked hard to save money for living and traveling during your retirement years, you may not have factored in the largest potential expense that can arise, which is that of long-term care. As the seniors of today live longer than ever before, their living in a care facility becomes less of a possibility, and more of a probability. That’s why the vast majority of older individuals are realizing they must plan ahead to get financial assistance via Medicaid. However, this process is extremely complex!

Working with our skilled Catasauqua Medicaid planning lawyer is the best path you can take to ensure that every step is handled correctly and your assets are protected. Our lead attorney, Joshua N. Daly, has 15 years of experience and is dedicated to providing personalized small-firm attention to all clients. Call today to schedule your free initial consultation and learn more about how we can simplify the Medicaid planning process!

Why Do I Have To “Plan” To Qualify For Medicaid?

Medicaid is a federal government health assistance program that helps millions of Americans – not just seniors – get quality healthcare that they may not have been able to afford otherwise. These funds do cover a significant portion of long-term care costs, though, which is why it can be especially beneficial to seniors. There are strict eligibility requirements, and anyone who applies must not exceed the income or asset limit (which is established by each individual state).

The government covers their bases and conducts extensive research into your financial history before determining if you fall below the asset limit. Therefore you cannot simply gift your life savings to your children or spend it down to change your financial situation. In fact, all of your major money transactions from the last 5 years will be uncovered! This 5-year-look-back is why it is crucial to begin planning to qualify for Medicaid as soon as possible.

So how does one hold on to their assets while making sure they qualify? There are a few different tools, and our Catasauqua Medicaid planning lawyer can help you choose the right one based on your individual circumstances! Some possibilities may be creating a trust, converting countable assets to exempt assets, transferring assets, and more.

How Can A Catasauqua Medicaid Planning Lawyer Impact My Experience?

Working with a skilled attorney is the key to making your Medicaid planning experience much smoother, less stressful, and the most effective. You don’t want to jeopardize your eligibility or risk your assets, so working with a legal professional who is knowledgeable about Medicaid and asset protection laws is imperative. Our firm can assist you by:

Spending time getting to know you so that our advice and services are tailored to your situation
Review all of your income sources and assets so we get an accurate picture of your finances
Discuss your legal options in detail
Answer all of your questions so that you stay informed and can make the most educated decisions
Develop a plan of action that will safeguard your assets using a variety of legal strategies
Gather and complete the paperwork required for your Medicaid application
Appeal rejections if you are denied
And more!

Call Daly Law Offices And Get Peace Of Mind Today!

You worked too hard to build your life’s wealth so that you could leave it behind to your loved ones or a charity you are passionate about, only for it to be depleted by long-term care costs. Take the time and initiative to plan now and ensure that your legacy is protected. Call to schedule your free consultation with our experienced Medicaid planning lawyer and learn more!

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Catasauqua, PA Practice Areas

Worked together on a relative’s Estate Planning. Very easy to work with and knowledgeable. So glad we chose Josh. Thank you.

Beth Macik

Josh we wanted to take a moment to thank you from the 3 of us from the bottom of our hearts. You are a gift and you have such a gift in what you do and they way you actually do it.
A total class act with the perfect personality for your profession. We can’t tell you enough how much we appreciate you and honestly thank so much. And it won’t be the last you see of us. Much Appreciation. The Stine/DiGiovanni family
*We highly recommend Joshua Daly for Elder Law, wills, etc. This is something that people don’t know what can happen when your parents pass away or what to do. Josh helps prevent as much as you legally can the home and assets being taken by elder care home and/or govt.
What a great experience on a subject people don’t like to talk about but is so important. Josh makes this process pleasant. We are recommending Josh to all our friend and family and friends. Everyone should get their ducks in a row. I am glad we met Josh & finally did this!
Thank you Josh

Stephanie DiGiovanni