Medicaid Planning Facts

Medicaid Planning Facts 5 of 5 When people do become eligible for Medicaid, regardless of whether they have engaged in Medicaid planning, they must pay all but a small portion of their income each month for their care; Medicaid then pays whatever the difference is...

Medicaid Planning Facts 4/5

4 of 5 No one yearns to be on a program like Medicaid. Seniors engage in Medicaid planning mainly because they find themselves in a “lose-lose” corner. First, they lose their health and require long-term care and come face-to-face with nursing home costs averaging...

Medicaid Planning Facts 3/5

3 of 5 Medicaid planning is neither “gaming the system” nor terribly widespread. Medicaid planning is about meeting the needs of real people faced with potential long-term care costs that are beyond the means of all but a tiny percentage of the population. The...

Medicaid Planning Facts 2/5

2 of 5 Planning to pay for long-term care, including Medicaid planning, is the rational process engaged in by families faced with the prospect of paying more than $81,000 or more per year for nursing home care. The long-range solution to concerns about Medicaid...

Medicaid Planning Facts 1/5

Part 1 of 5 Medicaid planning describes legal changes in one’s estate plan, one goal of which may be to obtain or preserve Medicaid coverage when private coverage options are untenable. Medicaid planning is legal and accepted under federal law. It is not fraudulent or...