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Riviera Beach, FL Medicaid Planning Attorney

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A large percentage of seniors will eventually find themselves in need of long-term medical care, and most people don’t realize the cost that comes along with that care. When you are creating your estate plan and working out the wills, trusts, and asset divisions that will become relevant after you’re gone, you don’t want to ignore the particularities that need to be addressed for the later years of your life. 

When you work with a dedicated Riviera Beach Medicaid planning attorney like Ryan J. Smollar of Elder Law, P.A., you can count on trusted guidance that will help you protect your life savings from nursing home care! Elder Law, P.A. is dedicated to providing optimum service to elderly individuals and their families. Reach out for a free consultation and learn how our Medicaid planning services can help you prepare for your future.

Riviera Beach Medicaid Planning Attorney

What Is Medicaid?

Medicaid is a needs-based government assistance program that provides healthcare coverage for low-income and elderly Americans. It’s subsidized by federal and state governments with the state ultimately responsible for decisions on eligibility. Medicaid is also the best option for procuring long-term nursing home care. Many people are under the mistaken impression that Medicare will have their medical needs covered, but Medicare has provisions only for short-term nursing care, which is not the same as nursing home care. 

Why Do I Need A Medicaid Plan?

In the state of Florida, nursing homes are expensive. In fact, a private room in a nursing healthcare facility can be over $100,000 a year, while the median household income for a Floridian age 65 or older is only about $53,000. These numbers should make it evident why Medicaid planning should be top-priority concern, especially given the fact that the majority of people above age 65 will need a nursing home facility sometime in their lifetime. 

If you choose not to create a Medicaid plan and eventually need the services of a nursing home, your options are unfortunately limited. You will have to subsidize your nursing home costs out of your life savings, which can deplete the wealth you wish to leave behind to your loved ones. You can count on your family to either pay for your nursing home costs or take care of you themselves, either of which might not even be feasible depending on their income, expenses, and the level of care that you need. 

Am I Eligible For Medicaid? 

In order to qualify for Medicaid, you need to meet a series of qualifications. If you are over 65 years of age or have a disability, you are already potentially eligible. There are also asset limitations–with some exceptions, in order to qualify for Medicaid, you cannot own more than $2,000 in countable assets. 

If you’re worried that you’re immediately disqualified based on this limitation, don’t give up hope. Medicaid planning with your licensed Riviera Beach Medicaid planning attorney allows you to rearrange your wealth so that you can qualify for Medicaid by employing strategies like moving your assets into a trust or transferring them to your spouse. It’s never too early to begin your Medicaid planning journey, because the process mandates a five-year lookback period in order to check for large transactions, which can potentially disqualify you.

Many people worry that rearranging your assets in order to qualify for Medicaid is an illegal process, but with the help of a licensed attorney, Medicaid planning is perfectly legal. Speak to our trusted Medicaid planning attorney about your circumstances in order to learn more about your qualifications. 

Reach Out To Our Trusted Riviera Beach Medicaid Planning Attorney

As a member of NAELA (National Academy of Elder Law Attorneys), Ryan Jay Smollar is a committed advocate for Florida seniors. He has over ten years of experience helping people with the Medicaid planning process, as well as all other aspects of estate planning, including wills and trusts. He can help you understand the rules of Medicaid and help you qualify while protecting your assets so that you and your family will be thoroughly covered in the future. Reach out to schedule a free consultation and learn how Ryan can help give you peace of mind for your golden years.

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Riviera Beach, FL Practice Areas

Natalie was amazing handling my dads medicaid application process, easy to communicate and we found the process very straight forward with their guidance. We would highly recommend their services to everyone who is in need of elder law, with our family all working full time and busy lives they gave us a peace of mind knowing they were working on getting things done.

Giovana H.

Ryan really cares about his clients, and it shows in the way that he advises them. He is extremely knowledgeable about elder law, and explains the rules in a clear manner. The issues can be difficult on family members to discuss, and he handles the material in a compassionate manner.

Joseph M.

Elder Law, P.A.

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