Medicaid Planning And Applications

What is Medicaid Planning?

Medicaid planning is a process of ensuring that individuals and families are able to access the benefits available from Medicaid, a government-funded program designed to provide health care coverage for people with limited financial resources. It involves understanding how Medicaid works, what types of assets can be used to qualify for benefits, and how best to use those assets in order to maximize the amount of assistance received. By carefully planning ahead and taking advantage of legal strategies such as special needs trusts, it’s possible for many individuals and families to receive the help they need without having their hard-earned savings depleted or becoming ineligible due to income or asset limits. With careful planning, you can make sure you get all the assistance you're entitled too while protecting your family's long-term financial well-being.