Wyoming Medicaid Solutions has today published new information on Medicaid Trusts, which help people to stay on Medicaid while protecting their assets to pay for their living expenses. Half of all Americans over 65 will end up in assisted care at some point during their old age, and Wyoming Medicaid Solutions is committed to helping seniors get into the assisted living facility that is right for them. This latest briefing can help people to avoid the shortfalls in typical Medicaid coverage when it comes to long term care. —
The new information centers on raising awareness of the federally mandated “Medicaid Estate Recovery” program. Because of this, individuals requiring assistance to meet their care needs will find their home or farm claimed by the Government when they die, leaving them nothing to pass on to their children.
The new information comes in the form of an FAQ, which helps people to understand both the law, and what they as individuals can do to insulate themselves from the potential consequences, including setting up a trust. This can be done with no period of ineligibility for Medicaid, allowing people to protect their assets and pay for their living expenses while still receiving Medicaid cover.
A spokesperson for Wyoming Medicaid Solutions explained, “We are committed to helping people get the health care they need. The medical insurance environment throughout the US is famously complex, and millions of elderly people require Medicaid to afford their insurance. But coverage is limited, and assisted living comes with punishing demands. We help to insulate people from the worst of these, and protect their assets both in the short term, and for future generations. We hope this new information gives people a better of idea of what can be done to prevent the worst outcomes. We want to encourage more people to get in contact to discuss a Medicaid trust.”
About Wyoming Medicaid Solutions: Wyoming Medicaid Solutions believe that all families deserve quality legal advice regarding their estate plan, business plan and asset protection. Their attorneys offer legal services in the areas of estate planning, trust planning, wealth strategy planning, wills, trusts, plans for minor children, plans for parents, Medicaid planning, estate & federal tax planning, and more.
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Organization: Wyoming Medicaid Solutions
Address: 905 Broadway St #900, Sheridan, WY 82801
Release ID: 280279