Update: The implementation date for the "look back" has been extended from July 1, 2021…
You can qualify for Medicaid assistance even if you are already in a nursing home. Even if you’ve been paying privately, there are probably still steps that can be taken to protect some of your remaining assets. You may be able to protect as much as 40%-50% of what you have.
If you are not in a nursing home but know that step is imminent for you or your spouse, a qualified Elder Law attorney may be able to help you take steps to protect your home and most, if not all, of your assets.
The worst choice you can make is to do nothing and simply accept that you’ll have to pay for care until there is nothing left. The costs of nursing home care are ruinous for most. It’s important that you learn about the options available to you to protect your assets and the financial security of your future.
Click here to read Lamson & Cutner’s Special Report 25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs and learn more about ways we can help you today.