What I wish I had known, WAY before I started our Medicaid application
If you're caring for an elderly loved one who might need Medicaid to fund long-term care in the future, now is the time to start planning for the day when he or she will start the application process. Medicaid's five-year look-back requirement is just one of the many obstacles you'll encounter.
If you even THINK that you or someone you love might need to apply for Medicaid in the future, there are things you can do now to get ready. Families who try to apply on their own often make mistakes that end up delaying benefits or disqualifying the applicant altogether. One of the most common DIY mistakes happens when families attempt to "spend down" assets on their own without any guidance from professionals.
This article offers some good tips, including the best advice of all: getting an elder law attorney experienced in Medicaid planning involved from the very beginning.
Medicaid planning and qualification is one of the things we do here at Kimbrough Law. If you or someone you know needs help, give us a call at (706) 850-6910.