If you have a loved one who will soon need nursing care, the thought of paying $7,000 per month or more can be utterly terrifying. Many folks find their life savings drained in a matter of months. That’s were Medicaid can help.

Unfortunately, the Medicaid rules are a lot more complicated than the tax laws – and there are very few advisors that know the rules. When you calculate your income taxes, you probably hire someone who knows where to find the deductions – because we all know, the tax rules are filled with both potholes and pots of gold. If you have a loved one who needs care, it’s important that you avoid the Medicaid potholes so you can keep more of your assets.

Mistake #1: Don’t let someone who doesn’t fully understand the rules complete your Medicaid application. The Medicaid rules are even more complicated and less understood than the tax rules. People need an attorney specializing in elder law who is experienced with qualifying clients for Medicaid while at the same time saving more money for the family.

Mistake #2: Someone may have told you, “it’s too late to do anything, because there is now a five-year look back penalty.” While this is technically correct, there are often things you can do to protect assets even if you have someone who is already in care and you don’t have time to get outside of that five-year look back.

Mistake #3: Dealing with the State can be frightening and intimidating. It’s important that you let an elder law attorney take that worry away from you and help you make your life better today. Let us deal with the State so you don’t have to. We know the rules and the right answers. We tell the truth and we never hide anything! We simply know what the law allows.

Every week people hire KC Elder Law to help them with their Medicaid applications. We deal with the State, so they don’t have to. We show them sound legal solutions that help them protect more of their money. Don’t get me wrong, we cannot promise you a rose garden, but we can show you how our legal services may save you money, and if they won’t, we will tell you that too.

That’s because when it comes to long term care costs, our services are designed to save you money. The simple fact is you will be far better off when we guide you through the Medicaid Maze.

For more information:

Do You Have a Loved One Who Needs Long Term Care

Consumer's Guide to Medicaid Planning and Division of Assets

The Five Year Look Back Period