While aging is an unavoidable part of life, Medicaid Planning Assistance is a powerful tool to avoid depleting your hard-earned savings to care for yourself or your loved one as they age and require assisted living or nursing home care. The benefit is that it helps individuals restructure their assets and income so that they are eligible for Medicaid assistance, whether that be for in-home care, assisted living, or skilled nursing.

It is a common misconception that Medicaid is only for individuals without substantial income or #assets.  While it is certainly available for those individuals, with Medicaid Planning Help, even those with income and/or assets that exceed the Medicaid threshold can obtain Medicaid benefits!  Think about it this way-an individual may have $200,000 saved in the bank, and while this may seem like a substantial amount of money, nursing homes routinely cost between $10,000 and $12,000 per month.

This means that in 8 to 10 months, an individual privately paying a nursing a facility will have wiped out half of his or her life’s savings!  Savings that they may have wished to have available for their spouse, children, grandchildren, etc.  When you consider the fact that the individual in this situation contributed toward funding Medicaid through their hard-earned tax dollars for their entire working life, only to be told that without restructuring their income and/or assets that they will be unable to reap the rewards, Medicaid Planning Assistance seems like a no brainer!

While the above may be a more extreme example, the fact is that an individual who is even one dollar over the asset or income limit will be ineligible and will benefit from Medicaid Planning Assistance unless their assets and/or income are restructured without help.  At the time of writing, the countable asset limit is $2,000 dollars.  This is an extremely low threshold for Medicaid eligibility, meaning that countless individuals are barely above this limit, resulting in Medicaid ineligibility and a hefty bill that they cannot possibly pay.  This is where Medicaid Planning Assistance comes in!

Medicaid qualification is such a complex process with so many moving parts that it is very difficult and sometimes basically impossible to do without professional help.  While the more assets an applicant has, the more complicated things get, even applicants that are barely over the asset limit will have great difficulty navigating the process alone.  Contacting professionals for Medicaid Planning Aid can mean the difference between you or your loved one receiving Medicaid assistance and not.

Platinum Benefit Services has been obtaining Medicaid approvals for our clients for over 27 years and has obtained over 14,000 approvals!  During that time we have gained unrivaled expertise that translates to fantastic outcomes for our clients.  We work tirelessly to ensure that our clients receive not just approvals, but correct approvals in every regard.  Contact us today to learn how we can help you or your loved one in this time of need.