You worked hard for your money. Invested wisely. Saved what you could. Built up your nest egg.
And now that you need long-term care. The last thing you want to do is spend down to the $2,000 individual limit, or the $3,000 per couple, before your Medi-Cal benefits take effect.
So how do you protect what’s yours, so you can pass it on to your loved ones and family?
You can do this by adding a Medi-Cal plan to your overall estate plan.
As you probably know, Medi-Cal is California’s Medicaid health care program and through the support of federal and state taxes, it pays for a variety of medical services, like long-term care, for those with limited income and resources.
But what you may not know, is that by using proven legal strategies and techniques that can be incorporated into your estate plan, you can protect your assets and ensure eligibility for much-needed benefits down the road.
Medi-Cal Planning involves reallocating your assets in such a way that Medi-Cal will not take them into consideration when determining your eligibility for coverage. But it's important to plan ahead, as Medi-Cal has a 30 month “look-back” period, so transferring assets prior to applying for your benefits isn’t the solution you may hope it to be.
Sowards Law Firm offers its specialized knowledge, skill, and experience to help you follow all the proper application procedures, and handle all of the necessary legal correspondence with your local Medi-Cal office. They will see your case through to its conclusion and work hard to produce a positive outcome for you and your family.
To get started with your MediCal planning, contact the San Jose and San Francisco elder law attorneys at Sowards Law Firm today by calling 408-371-6000.