Estate Planning for Medicaid

Many people believe Medicare, or private health insurance will cover the costs of long-term health care, when generally neither is the case. How then, can the average senior provide for the costs of long-term health care without depleting all of their hard earned assets? Most will engage in Medicaid planning for the purpose of qualifying for benefits. The rules surrounding the financial eligibility requirements for Medicaid are complex and often overwhelming. Navicaid can guide you through the maze, providing you with information on asset spend down, the penalty period for asset transfer, how the requirements differ if you are married, spousal refusals and more. Navicaid can also provide protection to assets once benefits have been secured, through pooled income-only trusts.