If you are struggling to find a way to pay for long-term medical care for yourself or one of your loved ones, Medicaid may be a viable solution. This joint federal and state program provides medical benefits to low-income individuals who are typically over the age of 65, disabled, or blind. Although qualifying for care under this program was not difficult in the past, recent changes have resulted in complex eligibility requirements for those who are in need of Medicaid benefits.
In 2006, the Deficit Reduction Act of 2005 went into effect. Due to this legislation, applying and qualifying for Medicaid became a process that’s much more difficult than just reviewing and submitting your bank statements. Today, there are many regulations applicants are required to abide by, such as income caps, transfer penalties, look-back periods, and more.
Understanding these requirements and applying for Medicaid can be an extremely difficult process. At Elder Law & Estate Planning Solutions of the Piedmont, not only will we help you navigate through the application process, but we will also be there for you to listen to your concerns and answer any questions you might have. We want to be your guide through this confusing and sometimes emotionally trying period in your life.
Let us at Elder Law & Estate Planning Solutions of the Piedmont in Concord, North Carolina help you understand these requirements and start the Medicaid planning and application process today. We have the knowledge and the expertise required to help you potentially avoid the high cost of long-term medical care.
If you live in Concord, NC & need help planning for the welfare of your children or elder loved ones, turn to us at Elder Law & Estate Planning Solutions of the Piedmont.Elder Law & Estate Planning Solutions of the Piedmont
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