Why Estate Planning Attorneys in Florida are Crucial for Medicaid Cases
The Medicaid qualification process can be a nightmare, which is why working with an Estate Planning Attorney in Florida is paramount. Estate Planning Attorneys are specialize in the nuances of Medicaid Qualification that could spell disaster for individuals or families trying to navigate the process on their own.
Estate Planning Attorneys in Florida are Crucial for Medicaid Cases:
Estate Planning Attorneys in Florida understand the difficulty individuals and families go through. The Medicaid qualification process can be taxing on families and individuals because it involves the health of themselves or someone they love, but with the headache of trying to understand the rules of the process as well, it can simply become too much. Estate Planning Attorneys in Florida help guide individuals and Families through these trying times by offering expert guidance on the best way to arrange income and assets so that the applicant can qualify for Medicaid benefits regardless of their financial situation.
The Department of Children and Families, the organization that sets the rules for and determines eligibility for Medicaid has strict income and countable asset limits which Estate Planning Attorneys in Florida can help navigate. In 2024, the monthly income limit is $2,829 dollars, and the countable asset limit is $2,000.
Both limits are quite low, meaning many individuals do not qualify for Medicaid without restructuring their income and assets. The best way to do this is by employing the assistance of Estate Planning Attorneys in Florida. Unfortunately, there is a common misconception that Medicaid benefits are only for people without considerable resources.
This is not the case. While Medicaid benefits certainly help those who do not have considerable resources, any senior has the potential to be eligible for Medicaid benefits with the help of Estate Planning Attorneys in Florida. Florida Medicaid is funded through taxpayer dollars. This means that if the misconception were true, then many individuals who helped fund Medicaid through their tax dollars for essentially their whole lives would be ineligible for the program that they helped fund due to being over the asset and income limit, even by one dollar!
Fortunately, Estate Planning Attorneys in Florida help clients understand the process and structure their income and assets in such a way that they can still receive benefits. This is fantastic news, as the cost of care can quickly deplete a substantial portion or all of an individual’s life’s savings. Skilled nursing costs between $10,000 and $12,000 dollars per month, while assisted living regularly costs $4,000-$5,000.
This means that without the help of Estate Planning Attorneys in Florida, an individual or family’s nest egg could be gone in a matter of months. This simply does not sit right with us.
Final Words:
Platinum Benefit Services works with Estate Planning Attorneys in Florida to ensure that Medicaid applications are filed and processed expertly. Over 27 years we have obtained over 14,000 approvals for our clients when working in conjunction with Estate Planning Attorneys in Florida. If you want to ensure that you or your loved one receives Medicaid benefits for needed care, contact us today!
