Just because you have never before needed to qualify for Medicaid does not mean you won’t need to in the future. In fact, there is an exceptionally good chance you will need to rely on Medicaid at some point. If you do find yourself applying for Medicaid without having prepared in advance, your assets could be at risk. To prevent that from happening, the Indianapolis Medicaid planning lawyers at Frank & Kraft explain five things you need to know before applying for Medicaid. Why Would I … [Read more...] about 5 Things You Need to Know before Applying for Medicaid
If you have never before needed to rely on Medicaid to cover your health care expenses, why would you need to include Medicaid planning in your estate plan? Unfortunately, the reality is that many seniors do eventually need to qualify for Medicaid at some point to help cover the high cost of long-term care. If you failed to plan ahead and suddenly find yourself in a position where you need to be eligible for Medicaid, is there anything you can do? The Indianapolis Medicaid planning attorneys at … [Read more...] about Can Last-Minute Medicaid Planning Help Me?
Although you may not realize it, there is a very good chance that you will need to qualify for Medicaid at some point in the future. If Medicaid eligibility is something you have never before had to worry about, you might find yourself facing the loss of significant assets should you need to rely in Medicaid at some point. To help prevent that from occurring, the Indianapolis Medicaid planning attorneys at Frank & Kraft explain what you need to know about Medicaid. The Cost of Long-Term … [Read more...] about What You Need to Know about Medicaid
Do you need to apply for Medicaid for seniors in Indiana for yourself or for a loved one? If so, and you are unfamiliar with the Medicaid program, it can be a little intimidating. To help get you started, the Plainfield area Medicaid lawyers at Frank & Kraft explain how to apply for Medicaid in Indiana. Why Would I Need Medicaid? Throughout your working years, you may have relied on employer sponsored or privately purchased medical insurance to cover your medical expenses. As you … [Read more...] about How Do I Apply for Medicaid in Indiana?
Watching a parent, grandparent, or other older relative deteriorate physically and/or mentally can be heart-wrenching. The idea of putting your family member in a long-term care facility may not sit well with you; however, caring for them yourself may not be financially feasible. Will Medicaid pay for a family caregiver? The Carmel Medicaid attorneys at Frank & Kraft explain an Indiana Medicaid program that may allow you to be compensated for caring for a family member. Medicaid … [Read more...] about Will Medicaid Pay for a Family Caregiver?
At some point during your retirement years, you may be faced with the need to qualify for Medicaid, only to find that your assets prevent you from doing so. At that point, your first thought may be to simply transfer those assets into the name of an adult child. The Carmel Medicaid planning lawyers at Frank & Kraft explain why transferring your assets to an adult child won’t work if you need to qualify for Medicaid at some point in the future. Why Are the Medicaid Eligibility Requirements … [Read more...] about Can’t I Just Transfer Assets to My Adult Child If I Need to Qualify for Medicaid?
Like many people, you may make it to your retirement years without ever giving the need to qualify for Medicaid a second thought because you were fortunate enough to be covered by employer-sponsored or privately purchased health insurance. As a senior, however, the likelihood that you will need to qualify for Medicaid increases substantially as a result of the high cost of long-term care. The need to qualify for Medicaid, however, could also put your retirement nest egg, or other assets, at risk … [Read more...] about Are Assets in a Trust Protected from Medicaid?
Seniors are often surprised when they realize they may need to rely on Medicaid to help them cover the high costs associated with long-term care. Even more worrisome are the eligibility guidelines that include both income and asset limits that can put your retirement nest egg at risk if you failed to plan ahead. The best way to prevent that from happening to you is to know what assets you can have and still qualify for Medicaid in Indiana. By including a Medicaid planning component in your … [Read more...] about What Assets Can You Have and Still Qualify for Medicaid in Indiana?
Are you prepared for the very real possibility that you, or your spouse, will need long-term care when you are older? If not, now is the time to start preparing by incorporating Medicaid planning into your overall estate plan. Doing so may also help dispel some of the myths and misconceptions you have about Medicaid, such as the widely held belief that your spouse will end up with nothing if you need to qualify for Medicaid to help pay for nursing home care. The Indianapolis Medicaid lawyers at … [Read more...] about What Is a Community Spouse?
At some point during your retirement years, you may experience physical and/or mental deterioration that makes independent living difficult. You may not yet need the type of around the clock care offered by a nursing home though. Understandably, you may wish to remain in your home as long as possible. Moreover, you may be able to do so with the assistance of in-home care. The cost of that care, however, can be prohibitive if you are forced to pay out of pocket. The Indianapolis Medicaid … [Read more...] about Will Medicaid Pay for In-Home Care?