Medicaid Planning Lawyer in New Britain CT
Many elderly Americans looking to qualify for Medicaid in Connecticut worry about losing their home or needing to spend down all of their assets in order to qualify for coverage. Adult children also worry when faced with the prospect of selling their parent’s home in order to qualify for Medicaid. At Allaire Elder Law, our Medicaid planning lawyer in New Britain CT works with clients to explore solutions to help elderly people keep their home and protect as many assets as possible.
More About Medicaid Planning
Did you know that nursing homes in Connecticut can cost between $120,000 and $180,000 per year? Because of this high cost, it’s important to make sure that you or your aging loved one receives valuable benefits under the Medicare and Medicaid programs. The knowledge and expertise of our experienced Medicaid planning attorney allows us to use sound legal tools and strategies when planning for Medicaid.
You may benefit by learning about these tools when planning for Medicaid:
- Irrevocable Trusts
- Pooled Trusts
- Asset Reallocation
The Benefits of Hiring a Medicaid Planning Lawyer
Most people pay for long-term care through Medicaid. However, Medicare is not the same as Medicaid and only pays for a portion of skilled nursing care during rehabilitation. Private insurance often pays for an even smaller portion. Because of this, people may find themselves having to pay for long-term care out of pocket until Medicaid eligibility is achieved.
To qualify for Medicaid, you must become eligible under the guidelines of the program. Due to the complexities of qualifying for this type of coverage, a Medicaid planning attorney well-versed in elder law is your best resource. This is why so many individuals and families contact Allaire Elder Law for assistance with Medicaid planning.
Senior citizens aren’t the only ones who may need long-term health care. If a disabled adult child or a disabled spouse needs long-term care, the creation of a trust may be an option in order to qualify for Medicaid. We provide advice on how best to transfer assets from one spouse to another, establish a special needs trust, or keep your home without compromising your Medicaid eligibility or benefits.
For more information about legal strategies when planning for Medicaid, contact our office today!
Medicaid planning in New Britain, CT is easier with the help of Allaire Elder Law. We proudly serve clients in New Britain, Bristol, Southington, Plainville, Farmington, Burlington, New Britain, Avon, Plymouth, Harwinton, Litchfield, West Hartford, Simsbury, Winsted, Barkhamsted, Wolcott, Thomaston, Watertown, Cheshire, Meriden, Canton, Torrington and Newington, CT.