Northampton, PA Medicaid Planning Lawyer

Nearly 70% of Americans don’t have an estate plan in place – a plan for how their assets and property will be protected during their lifetimes and after their death. However, even if those people realize that they probably should be planning for the future (even if they haven’t yet), they may not realize that part of urgency has to do with the extreme costs of long-term care. Most private insurances don’t cover the costs of a nursing home, and neither does Medicare. These services cost tens of thousands of dollars monthly, and if your long-term care lasts for several years, then your life savings will take a significant hit.

Medicaid planning allows you to prepare in advance and shield your assets so you don’t lose everything. Even if you don’t think you are at an age where you need to worry about things like nursing homes, time makes all the difference when it comes to medicaid planning. At Daly Law Offices, our knowledgeable Northampton medicaid planning lawyer can assist in the complicated application and review process. Call today for your free consultation.

Is Medicaid Planning For You?

Medicaid is a joint federal and state government program that provides needs-based health coverage. Many elderly Americans apply for Medicaid to help with the high costs of nursing homes and other long-term care. This is not just a possibility, but a probability, as nearly 1.5 million Americans currently reside in nursing homes. In Pennsylvania alone, nearly 80,000 people reside in nursing homes, and the average length of stay is 8 – 9 months for those that are discharged. If your nursing home costs $10,000 or more a month, it is easy to see how quickly this adds up.

However, eligibility for Medicaid is extremely complicated, and simple mistakes made during the application process can cause a person to be denied. There are income and asset requirements that an individual must meet which are extremely strict – and no, you can’t just “spend your assets down” or give it to your children or other family members. This is due to the 5-year look-back window where the government will investigate your financial affairs from the last five years. Any gifts, asset transfers, or liquidations will be considered and will disqualify you from acceptance. This is where an experienced Medicaid planning attorney can give you the best chance at being granted Medicaid assistance. 

What Can A Northampton Medicaid Planning Attorney Do For You?

It cannot be reiterated enough how complicated the application and review process for Medicaid is. You will need an attorney who is highly experienced and up-to-date on the state and federal laws that govern it. They can help with the application process, with gathering the necessary documents, and most importantly, with restructuring your financial affairs and assets so that you have the best chance at qualifying. The legal paperwork and documentation is confusing and will require you to complete extensive reviews of your income, assets, health history and more. This is why time is such an important factor in medicaid planning. It may be too late if you wait until long-term care is your only option. 

At Daly Law Offices, our lead attorney Joshua N. Daly has the tools, such as trusts, to secure your assets or convert them so they can’t be touched by Medicaid! This ensures that, when the time comes, you can still provide the inheritance you intended to your spouse, children, or other family members.

The Daly Law Offices Provide Personalized Legal Services

We are dedicated to ensuring quality legal service to every client, no matter their financial or medical situation. We take the time to clear up any confusion and relieve the concerns you are having in order to keep your goals at the forefront. With over 15 years of legal experience, our Northampton Medicaid planning lawyer will guide you through the process each step of the way. Call today to schedule your free consultation and learn your options!