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Indiana Medicaid Planning Attorneys
As you grow older, you need assurances that your needs will be taken care of. For many seniors, long-term care planning involves seeking nursing home care. However, the cost of nursing homes can prevent many seniors from accessing this care, even when they desperately need it.
For some individuals, long-term care insurance can help cover the cost of nursing home assistance. For others, Medicaid might be the better solution. The Indiana Medicaid planning lawyers at Rice & Rice can help you review your options and choose the best solution for your needs.
Medicaid can subsidize the cost of nursing home care. However, to receive this benefit, you must first use your own assets and deplete your estate. For many seniors, this is not a choice they wish to make. Fortunately, with the right planning, you can preserve your Medicaid eligibility and your family’s wealth at the same time.
What is the Eligibility Criteria for Medicaid in Indiana?
Medicaid eligibility in Indiana is based on a number of criteria, such as age, income, size of the household, handicap status, and particular medical needs.
The general requirements are as follows:
- Income Limits: Depending on the particular Medicaid program, eligibility is mostly determined by income. Indiana bases its income limits on the Federal Poverty Level (FPL).
- Residency: Candidates have to be Indiana residents.
- Citizenship: Candidates must be citizens of the United States or eligible non-citizens.
- Age and Disability: Specific programs are offered to older adults, children, pregnant women, people with disabilities, and other groups.
- Asset Limits: The entire worth of an applicant's assets must be less than a specific threshold in order to qualify for some Medicaid programs.
- Medical Necessity: The degree of medical necessity may determine a person's eligibility for several programs.
The most up-to-date and comprehensive eligibility standards should be verified with Indiana's Family and Social Services Administration (FSSA), since these are subject to change and may include particular nuances.
What is Medicaid?
Medicaid is a federal program that each state runs independently. Families often rely on Medicaid when they do not have insurance or when they need to pay for nursing home care. Indiana has its own Medicaid laws and limits. As such, it is important to have an attorney on your side with a solid understanding of Indiana Medicaid law.
Medicaid is only available to lower-income individuals. This means that you must typically first deplete your assets before you can qualify for Medicaid coverage. For many families, this is not a valid option.
Fortunately, there are numerous Estate Planning strategies that can help you qualify for Medicaid assistance without losing your money, estate, and assets along the way. Without a Medicaid planning lawyer, you might not be able to qualify for Medicaid and receive the assistance you need when paying for nursing home expenses.
Trust your family's future to our Compassionate team of attorneys.
How Does Medicaid Planning Work?
When you meet with a Medicaid planning attorney at our firm, we will review your assets, your estate, and your future goals. We can then develop a plan to potentially restructure the ownership of your assets to establish eligibility for Medicaid coverage. The planning options available are different for every family. Some of those options include the Miller Trust or a Medicaid Asset Protection Trust.
Our attorneys will evaluate your specific situation to determine if your health care needs and finances would benefit from various planning options. We know how to take advantage of the applicable state and federal laws to better serve our clients. Our attorneys will craft an individualized and personal Estate Plan to help you protect what you value most.
Contact Our Indiana Medicaid Planning Attorneys
If you have questions about Medicaid planning or need medicaid planning assistance, it’s important to speak to one of our Medicaid and Estate Planning attorneys immediately. At Rice & Rice, we know what it takes to establish effective long-term planning for our clients.
If you are in Indiana, Illinois or Michigan, schedule an appointment by calling (219) 240-0450. We can help you and your loved ones plan for the future and get through whatever comes. Our attorneys are here to help. Call today.
We serve clients across Indiana from our offices in Valparaiso, Lafayette, and Granger.
Why Choose Rice & Rice Attorneys
What sets Us Apart-
Focused On Elder Law
At Rice & Rice Attorneys, our primary focus is on caring for your family. Estate Planning, Probate, and Elder Law are all we do, and we offer reasonable rates.
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Faith and Family Oriented
Our firm is based on the principles of our faith and the importance of family.
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50 Years of Experience
Since 1972, Rice & Rice Attorneys have been serving this area and we are deeply rooted in our community.
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Award-Winning Attorneys
Our firm has been awarded the Martindale-Hubbell AV Preeminent Rating, as well as an A+ Rating with the BBB.
Peace of Mind Starts Here
Trust your family's future to our Compassionate team of attorneys. Reach out today for A Free Consultation.