Medicaid Planning

Medicaid planning involves organizing a person’s financial and legal affairs to qualify for Medicaid, a government program that helps cover long-term care costs, particularly for the elderly. This process usually includes strategies to protect assets while ensuring eligibility for benefits. By planning ahead, individuals can avoid depleting their savings on healthcare costs, allowing them to receive necessary care and support without losing their financial security. It often requires the help of professionals specialized in elder law to navigate the complexities of Medicaid rules and regulations effectively.