The Advantages of Medicaid Planning Assistance for Individuals:
Getting older may be a challenge in some ways, but Medicaid Planning Assistance for the Elderly is a powerful tool to help you or your loved one keep their money as they age and require in-home care, assisted living, or nursing home care. It helps individuals restructure their assets and income so that they can obtain Medicaid assistance, whether that be for in-home care, assisted living, or skilled nursing.
Medicaid is not just for people without substantial income or assets, despite what many people may think. With Medicaid Planning Help for the Elderly, even those with income and/or assets that are over the Medicaid limit can obtain Medicaid benefits! Imagine this-an individual has $200,000 saved in the bank, and while this may seem like plenty of money, nursing homes generally cost between $10,000 and $12,000 per month.
This means that in only 8 to 10 months, a person paying for a nursing facility out of their own pocket will have depleted half of his or her life’s savings! These are funds that they likely wanted to set aside for their spouse, children, grandchildren, etc. Ultimately, they should be able to use that money however they see fit instead of seeing it vanish before their eyes in less than a year. When you think about the fact that the individual in this situation funded Medicaid through their hard-earned tax dollars for their entire working life, only to be told that without reconfiguring their income and/or assets that they will be unable to get the benefit, it becomes clear that Medicaid Planning Assistance for the Elderly is an ideal solution!
On the other end of the spectrum, an individual who is a single dollar over the asset or income limit will be ineligible and will benefit from Medicaid Planning Assistance for the Elderly unless their assets and/or income are restructured without help. In 2024, the countable asset limit is $2,000 dollars. This is not much money, meaning that countless individuals have barely any more than this, resulting in Medicaid ineligibility and a huge bill that they can’t cover. This is where Medicaid Planning Assistance for the Elderly is paramount!
Medicaid qualification is such a complicated process with a lots of factors at play. This makes it hard and sometimes almost impossible to do without professional help. While the more assets an applicant has, the more complex things can get, applicants that are only slightly over the asset limit are likely to have a hard time as well. Getting in touch with professionals for Medicaid Planning Aid for the Elderly can be the decisive factor in whether or not you or your loved one gets needed care.
Final Words:
Platinum Benefit Services has been obtaining Medicaid approvals for applicants for over 27 years and has obtained over 14,000 approvals. Contact Platinum Benefit Services today for Medicaid Planning Assistance for the Elderly to obtain Medicaid qualification for you or your loved one and lift a huge burden off you and your family.
