Medical Assistance Planning
Medical assistance planning addresses the costs and method of payment involved with nursing home care of an aging person.
Federal and State laws and regulations govern medical Assistance or Medicaid. Generally speaking, the Federal government provides the money and the State governments provide the administration and disbursement functions to deliver the required aid to the public in need.
Medicaid / Medical Assistance, unlike Medicare, is not an entitlement program of the Social Security system. It is an means based eligibility program that has asset limitations for the qualification of eligible beneficiaries.
Medicaid / Medical Assistance can be likened to the Internal Revenue Service Code that provides rules and regulations for us regarding the collection and payment of income taxes. Both taxes and Medicaid / Medical Assistance have detailed language that spells out the rules for how to apply the law and they both spell out the how certain exceptions might apply to reduce the cost to the individual citizen of the respective programs.
Medicaid / Medical Assistance is controlled by both Federal rules and State rules. This combination provides for challenges and opportunities in developing the appropriate plan for you and your loved one. I have an understanding of Minnesota law and Federal law in these matters and am ready to assist clients in Minneapolis / St. Paul, statewide, and out-of-state clients with loved ones who reside in Minnesota.
Nursing home costs continue to rise and medical assistance regulations continue to get more complicated. This is why detailed and knowledgeable planning is critically important to everyone.
Most people come to me not knowing what their options are or where to turn. They may have felt that they waited too long or their resources are so limited that they aren't sure what to do. Often they are pleased to learn that they do have viable options that can help them make the right decisions. Knowing these options takes a great burden off of their shoulders. As with any other area of life planning, the earlier you start the process the more options you have to protect your assets.
Experienced legal counsel can be a great asset when making decisions concerning medical assistance / Medicaid planning. Don't make a decision without knowing all your options. I can help you today with decisions that affect your future and that of your family.
I can help you make the right choice for you and your loved ones.
Call today 763-213-0714