Medicaid Planning Legal Help In Michigan
Last updated on October 4, 2024
At some point, as you approach retirement or begin to plan for long-term care, you may need help covering the rising costs of nursing home care, assisted living or in-home health care. That is where Medicaid comes in – offering assistance to seniors who qualify. However, Medicaid eligibility rules can be complicated and you may face financial difficulties without proper planning.
At Brown Borkowski & Morrow, our Michigan attorneys have guided families in the Detroit metro, Farmington Hills and the surrounding areas through Medicaid planning. With decades of experience, we aim to ensure you or your loved ones qualify for Medicaid while protecting the assets you have worked hard to accumulate.
What Is Medicaid Planning?
Medicaid is a joint federal and state program that provides health care for low-income individuals, including seniors aged 65 and older, who meet specific financial needs. Medicaid can cover long-term care expenses such as:
- Nursing home care
- Assisted living facilities
- In-home health care
However, Michigan’s high long-term care costs make qualifying for Medicaid essential for many families. If you have more than $2,000 in assets, you may not be eligible for Medicaid assistance. Our Medicaid planning legal guidance can help ensure your assets are managed in a way that complies with Medicaid rules.
The Importance Of Medicaid Planning
Without proper Medicaid planning, your assets could be significantly reduced by the cost of long-term care. In Michigan, nursing home care averages $7,908 per month, which can quickly deplete savings. As such, Medicaid planning can help you avoid this by positioning your assets to protect them from being counted for eligibility.
Medicaid planning can also help you avoid the five-year look back period, where the state reviews your financial transactions to determine if you transferred assets to qualify for Medicaid.
Contact Us For A Free Medicaid Planning Consultation
If you are concerned about long-term care costs, do not wait until it is too late. Call Brown Borkowski & Morrow via 888-757-1681 or contact us online to obtain a free consultation. Our lawyers at our Farmington Hills office can help you understand your legal options and create a Medicaid plan tailored to your needs.