What is Medicaid planning?

Medicaid planning incorporates all those strategies you might need to help ensure that you can receive the benefit you need in the event that you ever need to find a way to pay for expensive nursing home costs. Long-term facility expenses are rising with each passing year, and few seniors can afford to pay those costs on their own. The problem is that many of them find themselves in a position where they have just enough assets to be denied Medicaid, but not enough to actually pay for their own care. Medicaid planning can help you to better manage your assets over time to ensure that you have the eligibility you need when that time comes.