While the declining health of yourself or a loved one is always emotional and trying, Medicaid Planning Assistance can make the process more bearable. In order to obtain Medicaid eligibility, a number of criteria have to be met. Seeking the help of a professional in Medicaid Planning Assistance can help you or a loved one not only understand the requirements but meet them and obtain Medicaid eligibility for you or your loved one. Even better is the fact that the approach will be specifically tailored to you or your loved one’s situation.
The Process of Medicaid Planning Assistance :
Professionals understand that every situation is different not only from an asset and income perspective, but from a family dynamic perspective. Experts in Medicaid Planning Help take this fact into account and design a qualification plan that is tailor-made to your needs and wishes. The bread and butter of Medicaid Qualification is about assets and income.
Florida Medicaid has strict asset and income limits for applicants. There are different asset limits for individuals and married couples. When an applicant is over the asset or income limit, Medicaid Planning Assistance is needed.
There are a number of different ways to turn assets that were previously “countable” to “exempt” or “non-countable”. Additionally, when an applicant is over the income limit, steps must be taken to artificially lower his or her income to meet the threshold. This income will still be available to use, it just has to be restructured in a way that Medicaid allows. Often times, a hefty amount of legal documentation is needed, which can get overwhelming quickly. Thankfully, employing a professional for Medicaid Planning Assistance means that you and or your loved ones will receive guidance every step of the way and have the legal work and paper shuffling done for you.
At this crucial and complex time in your life, are you interested in learning the ins and outs of asset and income promissory notes, absolute assignments, intra-family real estate buy-ins, personal services contracts, qualified and non-qualified annuities, pooled trusts, qualified income trusts, etc. We didn’t think so! However, these are often needed to obtain Medicaid eligibility. Luckily, with a professional providing Medicaid Planning Aid, you don’t have to have a deep knowledge of any of these.
The last thing you need to do when going through a crisis is worry about having to become a legal expert. While a professional who provides Medicaid Planning Assistance will want to give you an overview of what’s being done to ensure that you understand and are comfortable, you do not need to burden yourself with the in-depth details of every little thing going on. Instead, you can rest assured knowing that you will be taken care of.
Over to You:
If you want to offload this burden to industry experts that have obtained over 14,000 approvals for our clients over 27 years of service, contact Platinum Benefit Services for Medicaid Planning Assistance today! We will ensure that you or your loved one receives the benefits to which they are entitled!
