Understand Medicaid Look Back
“How to save thousands of dollars.” - Sayge Grubbs
Introduction:
Life is full of surprises, and unfortunately, not all of them are pleasant. Health emergencies are among the most jarring and life-altering events that can happen to you and your family. An unexpected medical crisis can impact every aspect of your life, from your ability to earn an income to your entire family dynamic. If you or a loved one finds yourself needing a nursing home unexpectedly, the costs can be overwhelming. Qualifying for nursing home Medicaid is one of the best ways to protect your savings, but eligibility is a complex process that requires careful planning due to the Medicaid look-back period.
Navigating Nursing Home Medicaid with Sage Legacy Counsel👊
What is Nursing Home Medicaid?
Nursing homes can be prohibitively expensive for most families, often exceeding $100,000 annually. Nursing home Medicaid helps families manage these costs. Medicaid typically covers 100 percent of essential nursing home services, including:
Room and board
Skilled nursing care
Meals
Rehabilitation services
Medications
Maintenance
However, some services may not be covered, such as private rooms and specially-prepared food. It's crucial to verify whether a nursing home accepts Medicaid, as not all do.2. Convert traffic into leads
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Strategic Planning with Sage Legacy Counsel
If you or a loved one faces a health emergency and needs to qualify for Medicaid, there are immediate options available. However, the best strategy is to plan ahead. Gradually transferring assets over time can prevent last-minute scrambling. This should always be done with the guidance of an Elder Law attorney who understands the intricate Medicaid rules.
Nursing home Medicaid planning is complex but essential for maintaining your family's physical, emotional, and financial well-being. Sage Legacy Counsel can help you navigate these challenges and ensure that you are prepared for any unexpected health emergencies.
Contact Sage Legacy Counsel
If you have any questions about qualifying for nursing home Medicaid or the Medicaid look-back period, do not hesitate to contact the experienced attorneys at Sage Legacy Counsel by calling (334) 649-4911 or by filling out the form below. We’re here to help protect you and your family!