Medicaid Planning in Missouri
Medicaid Planning Services in St. Charles, Missouri
Medicaid Planning at Fennell Elder Law and Estate Planning: Guiding Clients Through the Medicaid Maze
As we age, the potential need for long-term care becomes a growing concern. Whether it’s in-home assistance, care in an assisted community, or nursing home, these services can be costly. Medicaid (referred to MO HealthNet in Missouri) is a crucial public benefit that can help cover these costs, but the process of qualifying for it can be daunting and complex. That’s where we come in. At Fennell Elder Law and Estate Planning, we help individuals and families, navigate the Medicaid process effectively and secure the benefits they need.
Understanding Medicaid Planning
Medicaid is a joint federal and state program designed to assist individuals with covering health care costs, including long-term care. However, the application process and the eligibility requirements are complicated, often leaving families confused and overwhelmed.
Medicaid planning is a legal service that assists disabled individuals, seniors and their families in understanding these requirements and structuring their financial resources in a way that preserves their assets while helping them qualify for Medicaid.
There are several types of Medicaid benefits that individuals can qualify for, many of them having different eligibility criteria. Some have criteria based on income, some are based on assets, and some benefits are based on both income and assets. The potential benefits available can vary for disabled individuals living indepedently, individuals requiring home care, care in an assisted living community, or skilled nursing facility.
It is extremely important to consult with an elder law attorney about the potential benefits available, and what benefits you could be eligible for now or with the right planning in place, benefits that could be available in the future.
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Other Practices
Medicaid Planning
Our Approach to Medicaid Planning
Our firm offers expert Medicaid planning services, combining our deep understanding of the laws and regulations with a compassionate approach to guide our clients through the often-strenuous application process. We believe that everyone deserves access to quality care, and we’re committed to helping our clients secure the financial assistance they need.
1. Personalized Guidance
Each client’s financial situation, health care needs, and family dynamics are unique. We provide personalized guidance, tailored to your specific circumstances, helping you navigate the eligibility rules, look-back periods, and asset tests.
2. Asset Preservation Strategies
One of the key aspects of Medicaid planning is asset preservation. We assist clients in developing strategies to legally and ethically protect their assets while meeting Medicaid’s strict eligibility requirements.
The five-year look back period for Medicaid benefits is a frequently discussed topic regarding asset preservation and Medicaid planning. This five-year look back period is a Medicaid rule that an applicant must disclose all gifts or transfers of money or property within the fivew years preceding an application for Medicaid benefits. If gifts or transfers have been made within the last five years, do not let that be a deterrent to discussing asset protection strategies. Those transfers will have to be disclosed but there are often strategies that can be used to obtain Medicaid benefits in less that five years.
3. Comprehensive Application Assistance
The Medicaid application process can be overwhelming and confusing. We offer comprehensive assistance from start to finish, which includes eligibility determination, assistance in document gathering, completing the application and seeing it through to is approval.
Our Medicaid Planning Services
Our team at Fennell Elder Law and Estate Planning provides a wide range of Medicaid planning services:
1. No Charge Initial Consultation:
We evaluate your financial situation, health care needs, and long-term objectives to determine the best course of action.
2. Income and Asset Analysis
We conduct an in-depth analysis of your income, assets, and liabilities to develop a solid Medicaid planning strategy.
3. Strategic Planning
We devise strategies to protect and preserve your assets while ensuring you meet the eligibility criteria for Medicaid. Our ultimate goal is to help you or a loved one get the best quality of care at an affordable cost, and without completely diminishing your life savings.
4. Application Assistance
We assist in preparing and submitting your Medicaid application, handling any necessary documentation and answering any requests for additional information made by the Medicaid eligibility specialist.
3. Continued Monitoring as Needed
If later events occur that could jeopardize your Medicaid eligibility, please remember we are here to help and can assist with additional planning to ensure continued Medicaid eligibility and assist with any necessary re-certification processes.
Your Medicaid Planning Partner in St. Louis, Missouri
Based in St. Charles, Missouri, Fennell Elder Law and Estate Planning is dedicated to providing top-notch Medicaid planning services. We understand the intricacies of the Medicaid’s rules, and we’re here to help you navigate it, ensuring you or your loved ones have the resources needed for quality care without becoming destitute.
Medicaid planning can be a lifeline for disabled individuals and seniors facing the high costs of long-term care. It can be a complex journey, but with the expertise of Fennell Elder Law and Estate Planning, you won’t have to navigate it alone.
Contact us today to start your Medicaid planning process. Our experienced, empathetic team is ready to guide you every step of the way, ensuring your peace of mind and your future care.
Contact Us
Other practices
Medicaid Planning
Our Approach to Medicaid Planning
Our firm offers expert Medicaid planning services, combining our deep understanding of the laws and regulations with a compassionate approach to guide our clients through the often-strenuous application process. We believe that everyone deserves access to quality care, and we’re committed to helping our clients secure the financial assistance they need.
1. Personalized Guidance
Each client’s financial situation, health care needs, and family dynamics are unique. We provide personalized guidance, tailored to your specific circumstances, helping you navigate the eligibility rules, look-back periods, and asset tests.
2. Asset Preservation Strategies
One of the key aspects of Medicaid planning is asset preservation. We assist clients in developing strategies to legally and ethically protect their assets while meeting Medicaid’s strict eligibility requirements.
The five-year look back period for Medicaid benefits is a frequently discussed topic regarding asset preservation and Medicaid planning. This five-year look back period is a Medicaid rule that an applicant must disclose all gifts or transfers of money or property within the fivew years preceding an application for Medicaid benefits. If gifts or transfers have been made within the last five years, do not let that be a deterrent to discussing asset protection strategies. Those transfers will have to be disclosed but there are often strategies that can be used to obtain Medicaid benefits in less that five years.
3. Comprehensive Application Assistance
The Medicaid application process can be overwhelming and confusing. We offer comprehensive assistance from start to finish, which includes eligibility determination, assistance in document gathering, completing the application and seeing it through to is approval.
Our Medicaid Planning Services
Our team at Fennell Elder Law and Estate Planning provides a wide range of Medicaid planning services:
1. No Charge Initial Consultation:
We evaluate your financial situation, health care needs, and long-term objectives to determine the best course of action.
2. Income and Asset Analysis
We conduct an in-depth analysis of your income, assets, and liabilities to develop a solid Medicaid planning strategy.
3. Strategic Planning
We devise strategies to protect and preserve your assets while ensuring you meet the eligibility criteria for Medicaid. Our ultimate goal is to help you or a loved one get the best quality of care at an affordable cost, and without completely diminishing your life savings.
4. Application Assistance
We assist in preparing and submitting your Medicaid application, handling any necessary documentation and answering any requests for additional information made by the Medicaid eligibility specialist.
3. Continued Monitoring as Needed
If later events occur that could jeopardize your Medicaid eligibility, please remember we are here to help and can assist with additional planning to ensure continued Medicaid eligibility and assist with any necessary re-certification processes.
Other legal practice areas
At Fennell Elder Law and Estate Planning, we offer a range of additional legal services to address various legal needs in St. Charles. We are well-versed in these areas and can provide you with the knowledgeable guidance and representation you require.
Veterans Benefits Planning
Veterans Benefits Planning at Fennell Elder Law and Estate Planning: Ensuring St. Louis, Missouri’s Veterans Get the Support They Deserve
Supplemental Needs Planning
Supplemental Needs Planning at Fennell Elder Law and Estate Planning: Safeguarding Your Loved Ones in St. Louis, Missouri
Probate and Trust Administration
Probate and Trust Administration at Fennell Elder Law and Estate Planning: Your Trusted Ally in St. Louis, Missouri