For many people, Medicaid planning is an essential addition to a well thought out estate plan. The need for Medicaid planning stems from the potential need for long-term care and the corresponding high cost of that care. Understanding the need for Medicaid planning, however, is only the beginning of formulating a successful Medicaid planning component. […] The post Medicaid Planning Requires Understanding How Medicaid Recovery Works appeared first on Kulas Law Group.
Most seniors count on Medicare to cover their healthcare expenses during their retirement years. While Medicare does help with most healthcare expenses, it doesn’t cover everything. One of the most important exclusions from Medicare coverage is long-term care. For seniors, this exclusion can come as a surprise – and can lead to the depletion of [ ] The post Medicaid Lawyers Explain Eligibility for Seniors appeared first on Kulas Law Group.
If you are contemplating the need for long-term care for yourself, or for an elderly loved one, in the future you may be worried about how to pay for that care when the time comes. If so, you are certainly not alone. The high cost of long-term care (LTC) is a concern for the vast [ ] The post Vero Beach Medicaid Attorneys Explain the Spend Down Rules appeared first on Kulas Law Group.
Most people have at least a vague idea of what Medicaid is and what type of benefits the Medicaid program offers to those who are eligible. Unless you have participated in the program before, however, you may find that much of what you believe about the program is not rooted in fact. As you get [ ] The post Port St. Lucie Medicaid Planning Top 5 Medicaid Myths appeared first on Kulas Law Group.
A comprehensive estate plan will include a wide range of inter-related estate planning goals and objectives. Collectively, these goals and objectives will do much more than simply decide how your estate assets are distributed after you are gone. They will also protect those assets and help them grow over the course of your lifetime as [ ] The post Why Is Vero Beach Medicaid Planning Important? appeared first on Kulas Law Group.
If you are still several years away from your retirement years, and you have never before needed to qualify for Medicaid benefits, you may wonder why you keep hearing about the need to include Medicaid planning in your estate plan. You are not alone. Many people fail to understand the need to plan ahead for [ ] The post Vero Beach Medicaid Attorneys Explain the Need to Plan Ahead appeared first on Kulas Law Group.
At this point in your life you may be fortunate enough to have employer sponsored health insurance coverage for you and your family. As such, you may have never given much thought to qualifying for Medicaid benefits. When you create your comprehensive estate plan, however, you need to do more than just think about qualifying [ ] The post Vero Beach Medicaid Planning Tips appeared first on Kulas Law Group.