Many people make it through their entire working years without ever needing to rely on Medicaid to cover healthcare expenses, only to find that they must turn to Medicaid as a senior. If you are among them, you may mistakenly believe some of the myths and misconceptions about the program. To help clear those up, the Indianapolis Medicaid planning attorneys at Frank & Kraft dispel five common Medicaid myths. Medicaid Myths Contact Indianapolis Medicaid Planning Attorneys For more … [Read more...] about 5 Medicaid Myths Dispelled
Medicaid Programs for Seniors in Indiana
If you are a senior, or you will be soon, you are likely hoping to avoid the need to move to a nursing home for as long as possible. The cost of alternatives to long-term care, however, may seem prohibitive. What you may not realize is that Medicaid not only covers LTC expenses, but it may also cover alternatives to LTC that can help you remain in your home longer. To help ensure that you understand your options, an Indianapolis Medicaid planning attorney at Frank & Kraft explains Medicaid … [Read more...] about Medicaid Programs for Seniors in Indiana
Protecting Assets Often Requires Avoiding Medicaid Spend-Down
Creating a successful estate plan requires you to contemplate several potential scenarios, including the possibility that you (or a spouse) will need long-term care in the future. Factoring this possibility into your estate plan is crucial because of the high cost of that care and the related likelihood that you will need to qualify for Medicaid to help pay for that care. If you fail to plan for the possibility that you will need to qualify for Medicaid, you could face the loss of assets because … [Read more...] about Protecting Assets Often Requires Avoiding Medicaid Spend-Down
What Is a Medicaid Trust?
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 because the high cost of long-term care. Qualifying for Medicaid, however, could put your retirement nest egg at risk An Indianapolis Medicaid attorney at Frank & Kraft explains what a … [Read more...] about What Is a Medicaid Trust?
Is It Too Late for Medicaid Planning?
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 Is It Too Late for Medicaid Planning?
What Is the Medicaid Estate Recovery Program?
As of 2019, the average cost of a year in long-term care (LTC) nationwide was over $100,000. In Indiana, LTC costs have hovered right around the national average in recent years. Unless you can afford to cover that kind of an expense out of pocket, you will likely need to depend on Medicaid to help you if you need LTC in the future. One of your biggest fears, however, may be the commonly held belief that to qualify for Medicaid you will have to give up your home or other valuable assets. … [Read more...] about What Is the Medicaid Estate Recovery Program?
5 Things You Need to Know before Applying for Medicaid
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
What You Need to Know about Medicaid
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
How Do I Apply for Medicaid in Indiana?
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?
Will Medicaid Pay for a Family Caregiver?
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?