Do You Have A Loved One Who Needs Medicaid Benefits?
When a loved one must go to a nursing home, you must grapple with the financial implications. Long-term care is immensely expensive, and not everyone qualifies for Medicaid. However, there are some ways that your loved one might be able to receive Medicaid benefits if you work with an attorney to plan strategically.
Michael T. Heider, P.A., can help you. For more than 15 years, Mr. Heider has served people in Clearwater and Pinellas County. He assists clients in arranging their finances so that they are in a better position to receive Medicaid benefits.
Who Qualifies For Medicaid?
Florida has certain income and asset requirements for people who wish to receive Medicaid. If your assets and income exceed certain values, you will not qualify. The limitations include:
- Up to $2,000 in assets for a single person
- Up to $4,000 in assets for a couple
- Up to $2,523 in monthly income for a single person
- Up to $636,000 in home equity
One option to lower assets is to spend them down. However, this does not leave much available for personal use. Through strategic asset protection trusts, annuities and other tools that Mr. Heider can help you explore, your loved one could preserve their assets but still go on Medicaid.
Don’t Hire An Accountant – There Is One Right Here
Many law firms will charge you to hire an accountant to go over your finances. With Michael T. Heider, P.A., that is not necessary – Mr. Heider is a licensed certified public accountant (CPA). He uses this knowledge to go over clients’ financial situations with a fine-tooth comb. It is rare to find someone who practices elder law, has detailed accounting knowledge and also cares deeply about helping you and your family.
Ask An Attorney About Nursing Homes And Medicaid For Free
Work with Michael T. Heider as soon as possible so you can help your loved one become eligible for Medicaid. Call him toll-free at 888-497-1369 or send him an email to request a free, no-obligation initial consultation.