Medicaid

improving-quality-of-lifeMedicaid is a jointly funded, Federal-State health insurance program for low-income and needy people. It covers children, the aged, blind, and/or disabled and other people who are eligible to receive federally assisted income maintenance payments.

Many people want to know how Medicaid can cover nursing home costs that can exceed $72,000 annually. Few can pay the cost out of their regular income, and before long, one’s savings can be lost. To make matters worse, if the person is already sick, long-term care insurance is not available.

A person shouldn’t have to spend their entire life savings on catastrophic care. Medicaid can indeed cover home health and assisted living. Kabb Law has deep experience in working with the complexities of Medicaid planning, and we can usually help our clients save 40-50% of their assets. These assets are saved for the elder, then secondly for the family, after death.

For married couples, even more protections are available. It’s important to consider that even a mistake that costs you one month of eligibility amounts to a loss of $8,000. We have pioneered in litigation that protects the finances of care-giving spouses — money that is saved for both the spouse in the facility and the spouse in the community. Let us help navigate the complex web of regulations.

At all times, keep in mind that a nursing home may not be the wisest choice. Informed families can budget and allocate their resources toward alternatives to nursing homes, such as caregiver aid, professional in-home care and residential assisted living.