Medicaid Assistance | Researching Medicaid? Don’t Give Up After a Quick Internet Search
Medicaid Assistance | As you ponder your finances and how to pay for long-term care in the future, you’ll probably hear from friends and family about Medicaid assistance. Given that we live in the digital age, where a wealth of information is at your fingertips, you’ll likely turn to the Internet to learn more. A quick search of the Web will produce countless results to browse. But even though you can find basic information relatively easily, it might be more difficult to understand how to apply that info to your particular situation. Many seniors mistakenly believe they do not qualify for Medicaid, when in fact, they can take some simple steps to position themselves to qualify for this program.
What is Medicaid?
This financial aid program is co-funded by the federal government and each state. Each state administers the Medicaid program according to federal guidelines. In Florida, for example, an applicant’s eligibility is determined by either the Department of Children and Families or the Social Security Administration. Ultimately, Medicaid services are administered the Agency for Health Care Administration.
On a basic level, many people will find that, in Florida, applicants must have a monthly income below $2,313 per month. However, do you know which sources of money go into the income equation? Did you know that there are strategies that can bring your income numbers into the eligibility range?
The asset limit in Florida works out to roughly $2,000. Which assets are counted and which are not? Does my homestead residence count against me? What about my IRA?
Attorneys Have Answers
The best way to get definitive answers to questions about Medicaid eligibility is to speak to an elder law attorney. These attorneys practice in this area of law every day, and they understand the system, the guidelines and, most important, know the strategies that can assist a senior in qualifying for this important healthcare benefit. The Internet may seem to be telling you that you don’t qualify, but an experienced attorney will ask you important questions that may reveal a route to success.
At Mortellaro Law, our firm does not charge for initial consultations. There’s nothing to lose. Call our office to schedule a no-obligation, no-fee consultation to ask about Medicaid assistance could help you pay for long-term care.
