If you have too many assets, making it impossible to qualify for Medicaid, you are likely looking into other options for nursing home care that will not bankrupt you. Moreover, with the Medicaid “look back period,” you cannot gift assets to family or friends to shield them. Instead, you have to use them to invest them in inaccessible assets or pay for care.
At Rainey & Rainey, Attorneys at Law, LP in Georgetown, our legal team focuses on asset protection, nursing home Medicaid, and other elderly law matters. You can rely on us to provide the compassionate guidance you need.
Call our law office today at (254) 826-8151 to schedule a consultation with a knowledgeable member of our legal team to learn more about the services we provide.
Planning for Nursing Home Care
Nursing home care costs are, on average, more than $50,000 a year. Most people cannot afford these expenses and, unfortunately, the state will look at all of your assets when determining if you qualify for Medicaid. For example, if you own a home, you might not qualify for Medicaid.
We do not believe people should have to make a choice between keeping their family home and affording care in a suitable nursing home. Our legal team will review all sources of your income and help assess if you qualify for Medicaid. Even if you were previously denied coverage, our team can help find solutions that work for you.
Medicaid examines an individual’s finances for the past 5 years, including any gifts you received, to determine if you are qualified for support, so if you plan enough in advance, you can work around Medicaid’s “look back period.”
Request a Consultation with One of Our Experienced Attorneys Today!
Everyone wants to live out their golden years with as little stress as possible and without having to worry if they can afford nursing home care. The nursing home planning team at Rainey & Rainey, Attorneys at Law, LP in Georgetown can help you plan for a better, smoother tomorrow.
Reach out to our skilled legal team today at (254) 826-8151 to schedule a consultation with one of our attorneys to get started on planning for your future. We can answer all of your questions and address your concerns.