As we age, the largest expense most of us will ever face is the cost of long term care. Round the clock in-home care can easily exceed $12,000 each month. In the state of Colorado the average cost of long-term care is $7,249 per month, while the Denver care costs are averaging $8,039 per month. Most families risk depleting their lifelong savings to pay for long-term care.
You don’t have to go broke to qualify for Medicaid!
Many people wait until they are down to their final $2,000 in assets before they apply for Medicaid. This is an expensive mistake! Strategic planning can allow you to preserve assets to use for other expenses once on Medicaid.
Protect your home from being lost to the government in repayment of medicaid benefits. (Excluded from consideration on a Medicaid application but recovery can be made upon death.)
You can preserve assets in the nursing home as long as you haven’t already applied for Medicaid.
Medicaid is available for those already in long-term-care and you still have the option to protect a portion of your assets.
Financial benefits of strategic Medicaid planning:
• Set aside money for future medical expenses once on Medicaid.
• Better access to options for care.
• Preserve assets.
• Enjoy lower nursing home rates.
• Maintain higher quality of care.
• Set aside funds for future medical expenses that Medicaid won’t cover.
Why not apply on my own?
Would you go to court without a lawyer? Avoid mistakes that will cost you months lost in the application process. These mistakes could cause your money to go to the state and not to your family.
Believe it or not, Medicaid law is that complicated! You may not know if you have been approved for 6 or more months, costing you thousands of dollars, stress, and potential loss of care.
A Medicaid Specialist will contact you for your free initial consultation.