Medicaid Planning

Medicaid Planning Attorneys in Putnam County

Maximizing Benefits and Protecting Assets

Many senior citizens need long-term care at some point. Some senior citizens do not have family members who can give them the kind of care they need, and because of that as well as many other factors, they will need nursing home care. But nursing home care and other long-term care arrangements are expensive. Medicaid can help fund these things, but you must meet the financial qualifications. Estate planning is critical for many people to be able to qualify.

Medicaid planning attorneys in Putnam County specialize in helping individuals navigate the complex process of qualifying for Medicaid benefits while safeguarding their assets. Whether you are planning for long-term care or facing a crisis situation, our experienced attorneys can provide guidance and support to ensure you receive the benefits you are entitled to. At The Feller Group, P.C., our estate planning attorneys will walk you through the estate planning process and help you begin planning for Medicaid early so that you and your spouse will qualify if or when the time comes and you need the help. Contact us today at 845-682-5572 to schedule a consultation and start planning for your future.​

What is Medicaid Planning?

Medicaid Planning in New York is a process of evaluating and organizing a person’s financial and medical information to determine if they may qualify for Medicaid benefits. This process involves exploring various strategies for protecting assets, reducing liabilities, and qualifying for Medicaid coverage without depleting a person’s life savings. Medicaid Planning in New York can help individuals and families access the care they need while preserving their financial security.​

Why do People Plan for Medicaid?​

There are multiple reasons why people engage in Medicaid planning to qualify for the program. Three common reasons are:

  • To obtain coverage for the cost of long-term care that they would not otherwise be able to afford
  • To preserve assets that may otherwise become part of Medicaid’s estate recovery program
  • To get assistance from someone who understands how it works can prove very beneficial in the long run

Medicaid planning benefits people who need the services provided but fear they may not qualify. If you do not have the financial resources or family members who are able to care for you when it becomes harder for you to do it yourself, you should speak to an attorney to plan your estate. Qualifying for Medicaid can be a big help just when you need it.​

What are the benefits of Medicaid Planning?

The benefits of Medicaid Planning are:

  • Preserving assets for a spouse
  • Protecting assets for children, heirs, and other beneficiaries
  • Saving funds for quality-of-life items not covered by Medicaid
  • Protecting the home from a Medicaid lien

Our Additional New York Medicaid Planning Services:

– Medicaid Home Care Coordination

– Home Care and Nursing Home Applications

– Medicaid Asset Protection Trusts

– Asset Protection

– Promissory Note Planning

– Medicaid Fair Hearings and Appeals​

Why Is Early Medicaid Planning Crucial?

Starting Medicaid planning early is essential for several reasons. Medicaid has a five-year look-back period, meaning any asset transfers made within five years of applying could affect eligibility. By planning ahead, you can implement strategies that protect your assets well before you need long-term care. Early planning also provides more options and flexibility, allowing you to make informed decisions without the pressure of an immediate health crisis. The Feller Group, P.C., can help you start this process, ensuring you’re prepared for the future.

How Can You Get Started with Medicaid Planning in Putnam County?

Embarking on Medicaid planning can feel overwhelming, but you don’t have to do it alone. The Feller Group, P.C., offers a free consultation to discuss your situation and explore your options. By calling 845-682-5572, you can schedule an appointment with one of our experienced attorneys. We’ll guide you through the process, helping you make informed decisions that protect your assets and ensure you receive the care you need. Don’t wait until it’s too late—start planning today to secure your future.

What Sets our Team Apart?

Unlike many firms, The Feller Group, P.C. has a full-time dedicated Medicaid Services Coordinator. Our Medicaid Services Coordinator is an individual on our team who is responsible for helping our Clients with Medicaid access and coordinating their healthcare services after they are determined financially eligible to receive Medicaid Home Care benefits.

Our Coordinator will help those who are eligible for Medicaid by providing them with information about services available, assisting with paperwork related to the application process, and helping to coordinate and monitor the delivery of services. They also work to ensure that all services are being provided in accordance with the guidelines set by the Medicaid program.

Why Choose The Feller Group, P.C. Coordination Services?​

Our Medicaid home care coordination services are designed to provide comprehensive support to seniors and individuals with disabilities. Our team doesn’t stop at the point of Medicaid financial approval like other elder law firms and Medicaid advisors. We bring you and your loved one over the finish line, holding your hand along the way.

In addition to providing unrivaled success in Medicaid Asset Protection planning, preparing and submitting Medicaid applications for community-based care, and establishing Pooled Income Trusts, our team administers exceptional Medicaid Home Care Coordination Services upon receiving financial approval for Medicaid benefits.

What Are the Key Steps in Medicaid Planning?

Medicaid planning involves several critical steps to ensure eligibility and asset protection. First, a comprehensive assessment of your financial and medical situation is conducted. This includes reviewing income, assets, and any existing estate plans. Next, strategies such as asset transfers, the creation of trusts, or spending down assets are considered to meet Medicaid’s financial criteria. Finally, the application process is meticulously managed to avoid delays or denials. Each step requires careful consideration and skill, which is why working with experienced Medicaid planning attorneys is invaluable.

How Do Medicaid Asset Protection Trusts Work?

Medicaid Asset Protection Trusts (MAPTs) are a powerful tool in Medicaid planning. These irrevocable trusts allow you to transfer assets out of your name, thereby reducing your countable assets for Medicaid eligibility. While you no longer own the assets, you can still benefit from them indirectly, such as living in a home placed in the trust. MAPTs must be carefully structured to comply with Medicaid regulations, which is why professional guidance from a Medicaid planning attorney is crucial. This strategy can help preserve your wealth for your heirs while ensuring you qualify for necessary care.

What Is the Role of Promissory Note Planning in Medicaid?

Promissory note planning is another strategy used in Medicaid planning to convert countable assets into non-countable income. This involves lending money to a trusted individual in exchange for a promissory note, which outlines repayment terms. The income from the note can then be used to pay for care or other expenses. This technique requires precise execution to comply with Medicaid rules and avoid penalties. An experienced attorney can help structure the promissory note correctly, ensuring it aligns with your overall Medicaid planning strategy.

How Can Medicaid Fair Hearings and Appeals Help?

If your Medicaid application is denied or you face issues with your benefits, a fair hearing or appeal can be a vital recourse. Medicaid planning attorneys can represent you in these proceedings, presenting evidence and arguments to support your case. They understand the nuances of Medicaid law and can effectively challenge decisions that may have been made in error. This advocacy ensures that you receive the benefits you’re entitled to, providing essential support during a challenging time.

What Does an Elder Law Attorney Do?

An Elder Law Attorney in New York can help you and your family with understanding and applying for Medicaid benefits. This might include helping you create a plan to protect your assets and maximize your eligibility, as well as helping you navigate the complex Medicaid rules and regulations. An elder law Medicaid attorney also helps individuals and families protect their life savings and their homes from the high costs of long-term care, including nursing home care, home care, and assisted living facility costs. This is accomplished by engaging in asset protection planning and planning to qualify for Medicaid benefits.

Medicaid planning attorneys in Putnam County, like those at The Feller Group, P.C., specialize in guiding clients through this intricate process. They offer personalized strategies to help you qualify for Medicaid while safeguarding your assets. By understanding your unique situation, these attorneys can tailor a plan that meets your needs, ensuring peace of mind for you and your family.

What Should You Consider When Choosing a Medicaid Planning Attorney?

Selecting the right Medicaid planning attorney is crucial for successful planning. Look for attorneys with extensive experience in elder law and Medicaid planning, as they will be familiar with the latest regulations and strategies. It’s also important to choose someone who takes the time to understand your unique needs and goals, offering personalized solutions. The Feller Group, P.C., provides compassionate, knowledgeable service to clients in and around Putnam County, helping them navigate the complexities of Medicaid with confidence. Contact us today at 845-682-5572 for a free consultation.

What our Medicaid Coordinator Services Include​:

  • Scheduling your initial assessment with New York State and reviewing the scoring process with you.
  • Preparing as many as three Managed Long Term Care Plan (MLTC) intake applications.
  • Scheduling nursing assessments during which the number of care hours is decided. If needed, our Medicaid Service Coordinator can attend the assessment to act as your advocate and secure a maximum number of hours of home care.
  • Review the nursing assessments with you and help you choose an MLTC as well as a home care agency that contracts with your MLTC.
  • Assisting with alternative programs to obtain necessary services for your loved one, including the Consumer Directed Personal Assistance Program (CDPAP), the Nursing Home Transition and Diversion Waiver program.