7. Don’t Prepare Your Own Medicaid Application
This is the 2012 version. Click here for updated 2016 version of this strategy.
Don't fill out your own application. Some people think they can save money on legal fees by preparing their own Medicaid applications. However, the application is a complicated document that most find confusing. Eligibility can often only be won with complex legal and financial planning, to overcome Medicaid obstacles. Even nursing home professionals, who deal with Medicaid on a daily basis, frequently refer prospective residents to an Elder Law firm for this reason.
Trying to complete your own application can be daunting. If you make mistakes due to unfamiliarity with government regulations, you may compromise or lose your ability to qualify for benefits. Loss or delay of eligibility may ultimately have adevastating financial impact on you. So it's generally not a good idea to handle it yourself. Get professional assistance.
In addition, sometimes there are unusual issues, requiring special handling that only an Elder Law attorney can provide. In one case of this sort, Lamson & Cutner helped a middle-aged, single woman who immigrated to the United States, and was subsequently diagnosed with cancer. She needed chemotherapy, medication, as well as physician and hospital coverage.
We transferred her assets out of her name, and filed a Medicaid application for her. She was approved for a level of benefits that gave her 100% coverage, and allowed her to choose her own doctors. Without the extra attention her case received, it's likely she would only have been covered by an HMO.
25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs
- You can qualify for Medicaid (even if you don’t think so)
- The “Wait and See” Approach can Result in Ruinous Health Care Expenses.
- Plan for Home Care and Nursing Home Facility Care while You Still Can.
- What’s the difference between Medicare and Medicaid?
- It’s NOT too Late for Effective Medicaid Planning (even if you think it is)
- Why Hire an Elder Law Attorney?
- Don’t Prepare Your Own Medicaid Application
- Trusts Can Protect Your Home and Your Money!
- Special Trusts for Specific Purposes
- Protecting Co-op Apartments Require Special Handling
- Evaluate Your 401k or IRA Carefully when Planning for Medicaid
- Why Take the Lump Sum Option on Your Pension or Retirement Account?
- Choose Your Trustee Wisely
- Private Annuities can Help Protect Your Assets
- Caregiver Agreements Help Achieve Medicaid Eligibility
- Keep Your Medicare Insurance
- The Durable Power of Attorney
- Elder Law and Estate Planning
- The Health Care Proxy vs. the Living Will
- How to Choose an Elder Law Firm
- Streamline Your Financial Affairs and Record Keeping
- New York State is More Generous than Other States
- Your Attorney can Help Find the Best Care for You
- Long-Term Care Insurance Won’t Necessarily Solve the Problem
- Compassionate Elder Law Planning Focuses on Your Future Quality-of-Life!