What Is Medicaid Eligibility Planning?
Nursing home care commonly costs over $77,000 annually in Laramie, Cheyenne and Ft. Collins. Medicaid Eligibility Planning is arranging one’s financial affairs within the guidelines of State and Federal Medicaid rules to prevent the loss of lifetime savings in the event of a long-term stay in a nursing home or other long-term care facility. The planning starts with an understanding that it is never too late to do Medicaid Eligibility Planning. As with most things in life, however, Medicaid rules favor planning before a crisis develops. Therefore, the key to a Medicaid Eligibility Plan is to meet with a knowledgeable attorney to review your personal financial and physical condition as early as possible. Medicaid eligibility rules are complex; therefore, good professional advice about how to apply Medicaid rules to your situation is critical.
VA Benefits For Long-Term Care of Veterans and Their Surviving Spouses
Many wartime veterans and their surviving spouses are currently receiving long-term care or will need some type of long-term care in the near future. The Veterans Administration has funds that are available to help pay for this care, yet many families are not even aware that these benefits exist.
A veteran does not need to have service-related injuries to qualify for these pension benefits, but must meet certain wartime service and discharge requirements. A surviving spouse must also meet marriage requirements to the qualified veteran. Certain requirements must be met for a disability claim if the claimant (the veteran or surviving spouse filing for benefits) is less than age 65.