The good news is the nation’s average lifespan keeps lengthening. The bad news: healthcare costs increase exponentially as we get older. Many elderly and ill individuals require lengthy stays in nursing home facilities, which can cost over $75,000 per year. Medicare may cover some medical expenses but many people require Medicaid to pay for long-term care. The eligibility requirements are strict — you may need the help of a Medicaid lawyer in Louisville, KY to find out if you qualify.
A Medicaid lawyer can help you with much more than applications, hearings and appeals. He or she can assist you with all your estate planning and asset protection needs. A Medicaid attorney can assist you with the following:
- Medicaid applications
- Medicaid hearings and appeals
- Asset transfers
- Medicaid planning
- Placing assets in a revocable trust
- Traditional estate and trust planning
- Estate and gift tax planning
- Education and counseling on asset transfer and gifts
To qualify for Medicaid, you must live in a nursing home, earn less than $2,000 per month and have less than $2,000 in assets. If you aren’t quite eligible but still cannot afford an assisted-living facility, there are ways to rearrange your assets in a legal and ethical manner to meet the qualifications. From start to finish, a Louisville Medicaid lawyer can lead you through the entire Medicaid and asset rearrangement process.
Bruce Brightwell of Brightwell Law is one of the few local attorneys experienced in Medicaid planning. His expertise is invaluable during the estate planning and Medicaid processes.