For many people, government programs such as Medicaid can be a helpful option to cover healthcare expenses. However, qualifying for Medicaid can be a complex and often confusing process. That’s where a Medicaid planning lawyer comes in. This post explores what is included in the process of working with a Medicaid planning lawyer and how they can help you or your loved ones navigate the intricacies of Medicaid.

1. Initial Consultation:

The process of working with a Medicaid planning lawyer starts with an initial consultation. During this meeting, you will typically discuss your healthcare needs, financial situation, and your goals. The lawyer will evaluate your Medicaid eligibility and provide you with advice and guidance on what steps you need to take to qualify for Medicaid benefits. They may also provide you with information on how you can protect your assets while still being eligible for Medicaid.

2. Asset and Income Review:

One of the primary goals of a Medicaid planning lawyer is to help you qualify for Medicaid without sacrificing all of your assets. Because Medicaid has strict eligibility requirements, your assets and income can be a critical factor in determining your eligibility. A Medicaid planning lawyer will review your assets, including your home, personal property, and investments, to help you determine what assets are exempt from Medicaid eligibility guidelines.

3. Planning and Execution:

After assessing your assets and income, your Medicaid planning lawyer will collaborate with you to develop a comprehensive healthcare plan that ensures your needs are met while safeguarding your assets. This may include developing a trust to hold your assets, transferring assets to a spouse or family member, or restructuring your income to qualify for Medicaid.

4. Application Process:

Once your Medicaid planning strategy has been developed, your lawyer will help you complete and submit your Medicaid application. Your application must be accurate and complete; otherwise, it may be denied or delayed. Having a lawyer’s support during the application process can be invaluable, as they understand the bureaucratic language and regulations that can pose a challenge for the average person.

5. Ongoing Support:

Working with a Medicaid planning lawyer is not a one-time event. As your healthcare needs and financial situation change, your lawyer can help you adjust your Medicaid plan accordingly. For example, if you receive an inheritance or sell a property, your lawyer can help you avoid losing your Medicaid eligibility.

Contact a Medicaid planning lawyer to learn more.