Getting older can be difficult to navigate, but Medicaid Planning for Senior Citizens is a game-changing tool that can help you or your loved one retain assets and still receive in-home care, assisted living, or nursing home care. It helps people restructure assets and income in order to get Medicaid assistance, whether for in-home care, assisted living, or skilled nursing.
Discover the Advantages of Medicaid Planning for Senior Citizens:
Medicaid is not only for those without high income or assets, even though many people think this. With Medicaid Planning for Senior Citizens, those with income and/or assets above the Medicaid limit can stillget Medicaid benefits! Take a minute to picture this- someone has $200,000 in the bank, and while this sounds like quite a bit, keep in mind that nursing homes cost between $10,000 and $12,000 every month.
In as little as 8 to 10 months, a person who is paying for a nursing facility themselves will have used half of his or her savings! These are assets they probably wanted to give to their spouse, children, grandchildren, etc. At the end of the day, they should be able to use that money however they want and not have to see it disappear in less than a year. Considering the fact that a person in this situation financially supported Medicaid through paying taxes for their entire adult lives would be told that without reconfiguring their income and/or assets that they would be unable to get the benefit, it becomes crystal clear that Medicaid Planning for Senior Citizens is an ideal solution!
At the other extreme, a potential applicant who is only a measly dollar over the asset or income limit will not be able to qualify as is and would certainly benefit from Medicaid Planning for Senior Citizens, that is unless their assets and/or income are restructured without help. In 2024, the countable asset limit is $2,000 dollars. This is quite a low limit, meaning that many individuals have hardly any more than this which means Medicaid ineligibility and an enormous bill that they have no hope of paying without help. This is a situation where Medicaid Planning for Senior Citizens is critical!
Medicaid Planning for Senior Citizens has many factors that can create issues, which can make it hard and sometimes nearly impossible to accomplish without expert assistance. While the more assets a potential applicant has, the more complicated things can get, even applicants that are barely over the asset limit will probably have a hard time too. Reaching out to professionals for Medicaid Planning for Senior Citizens can be the deciding factor in whether or not you or your loved one gets needed care.
Final Word:
Platinum Benefit Services has been obtaining Medicaid approvals for applicants for over 27 years and has won over 14,000 approvals. Contact Platinum Benefit Services today for Medicaid Planning for Senior Citizens to get Medicaid qualification for you or your loved one and lift a huge burden off you and your family.
