Most of the US population could be laboring under misconceptions that stop them from legally claiming Medicaid, disclosed Salem, MA-based estate planning and elder law attorney Christopher T. Casey. —
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Casey, the founder of Casey & Lundregan, P.C., revealed several myths that needed to be exposed regarding how people qualify for institutional Medicaid.
Common misconceptions include having too many assets that disqualify a person from Medicaid, and those who are denied Medicaid are not eligible if they reapply.
Casey explained: “Paying for elder care, such as nursing home care costs, can quickly drain resources and drastically reduce a person’s quality of life. Medicaid is there to help lift this burden off their shoulders by covering most or all of these costs.”
He pointed out that clients can protect their assets and qualify for Medicaid at the same time. It’s possible to be eligible for Medicaid benefits, but only if they plan for it.
“People also wrongly assume that being rejected for Medicaid is similar to being denied a bank loan, and they can’t reapply.” An application can be denied due to having too many assets, incorrect or missing paperwork or information, or spouse-related issues.
He elaborated: “Those who are thinking of applying for Medicaid should speak to an experienced elder law attorney or estate planning lawyer for guidance. They can use various legal strategies to get an application approved.
“By using these strategies, you can maintain a certain quality of life while continuing to live off any converted assets or income, and give your family peace of mind that your finances are in order.”
He concluded: “If you’re unsure whether you qualify for Medicaid, consult an elder law attorney, so you can get advice on your situation and plan accordingly.”
Name: Christopher T. Casey
Email: Send Email
Organization: Casey & Lundregan, P.C.
Address: 71 Washington Street, Salem, MA 01970
Source URL: http://RecommendedExperts.biz
Release ID: 89058506