People are living longer and life expectancy continues to increase. As a result, planning for the possibility of long-term health care has become a critical component of estate planning.
Long-term health care is expensive. Whether the health care is provided in a nursing home or the patient’s home, costs can quickly deplete even the wealthiest person’s bank account.
For people who qualify financially, Medicaid is an option to pay for these long-term expenses. An experienced elder law attorney can help guide families through Medicaid planning and act as an advocate for the elderly and their loved ones.
An Attorney Will Help
According to reports, Texas has one of the lowest Medicaid reimbursements in the country. This may be due to the misconception that Medicaid is just for the poor. The reality is that Medicaid planning should be considered a key component of overall estate planning.
The laws in San Antonio and throughout Texas are complicated and can seem overwhelming. Working with a Medicaid planning attorney will ensure that all of the regulations are followed for the maximum benefit of the person who needs care.
Planning and management with an attorney who understands the legal parameters will allow for Medicaid qualification at the earliest possible time. Early planning will confirm that an individual is eligible for the high-quality level of care in advance of their needs.
It’s Never Too Early
It is extremely beneficial for individuals who are not in immediate need of long-term care and who have the luxury of protecting their assets in advance to explore Medicaid planning as soon as possible. This way, when they do need care, they will quickly qualify for Medicaid benefits.
Proper preparation will also help preserve property and secure the maximum allowable assets for other family members who remain at home.
Our Medicaid planning lawyers will put together strategies to help you manage the high costs associated with long-term care. We will work hard to protect your assets so you have something left to pass onto future generations.
To learn more about Medicaid Planning, contact us today to schedule a free consultation at (210) 651-3851 and put our over 35 years of experience to work for you.