It is no secret that paying for nursing home care is a major drain on your resources. This care can often cost in excess of $90,000 a year. It is not unusual for this care to quickly eat away at a life’s worth of savings or even force the sale of a family home or other valuable assets.
Fortunately, a combination of state and federal laws provides benefits for people who are unable to pay for this care on their own. Chief among these is the Medicaid program, which can pay for some or all of your needed care. Medicaid is a need-based program, so it can be difficult to understand if you qualify without the help of a legal professional. Talking with an attorney can help you to learn more about nursing home Medicaid in Georgia and how to improve your chances of receiving benefits. To learn more, reach out to our office today.
Medicaid is a powerful and valuable medical benefit in Georgia and the rest of the country. As applied to nursing home care, Medicaid can make direct payments to nursing homes on your behalf when you are unable to make those payments on your own. In this way, even those with limited means are able to receive the medical care that they need.
Medicaid is a need-based program. This means that only people who would otherwise be unable to pay for nursing home care can receive these benefits. In Georgia, state law places a cap on the monthly income that a person may receive and still have Medicaid support, which varies by household size. However, you are not without options if you are above this income cap. A lawyer can take the lead in creating an estate plan that helps improve your chances of obtaining the Medicaid assistance you need.
Obtaining Medicaid benefits can help you receive the medical care that you need. It can also help to preserve a family’s assets and allow your heirs to receive the full benefit of being named in a Will. To this end, there are two options that could help you to qualify for Medicaid.
The first is to create a Qualified Income Trust. These arrangements allow you to place income in excess of your monthly cap into a Trust. This lowers your monthly income, allowing you to fit under the state’s income cap for Medicaid eligibility. At the same time, that income still goes towards paying for nursing home care.
The second option involves creating a separate Medicaid Trust that aims to shield your assets, such as your home and savings. Placing property into a Trust keeps Medicaid from considering that item as an asset for the purpose of determining Medicaid eligibility. However, be aware that section 1917(c)(1)(B)(i) of the Social Security Act creates a lookback period of five years prior to the date of your Medicaid application, meaning that these legal steps should be taken in advance of when you actually apply. A seasoned Georgia attorney can help ensure that your plan for nursing home Medicaid accounts for these factors.
Medicaid performs a vital service for thousands of people in Georgia. This program can provide direct payments to nursing homes when you are unable to make these payments yourself. However, there are limitations to eligibility, including your monthly income and ability to sell assets to pay for your care.
Fortunately, you are not without options in this situation. An attorney can help you improve your eligibility for this program, working to explain nursing home Medicaid in Georgia and the state’s specific caps on income. A skilled lawyer can then create Trusts that shift assets out of your name to lower your overall ownership and protect property from potential liquidation. To learn more about how we can get to work for you, give us a call today.
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Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.