Life is full of many changes, and some of the most unpleasant ones can be related to the health of you and your loved ones. When your loved one needs to be moved into a nursing home for skilled nursing care, finding the money to pay for it can be difficult. Medicaid is one of the places that many families turn, but it can be overwhelming to deal with securing funding that your loved one needs without the right partner for Medicaid planning in Lancaster, PA. At Bellomo & Associates, LLC, we work with families just like yours to prepare for anything that the future holds.
What Does It Cost to Get Quality Long Term Care?
Nursing home care and other skilled nursing services are not cheap, and many people are surprised to learn that it could cost $10,000-12,000 a month for an average nursing home. Most adults who have a significant amount of assets, this means that they will be responsible for footing the bill for long-term nursing home care until their life savings has been virtually depleted. This can take only a few years after entering a nursing home facility. The best way to prevent this from happening and ensure that your loved ones have something to pass on is Medicaid planning in Lancaster, PA.
Medicaid is a federal program that is administered on a state level. In order to qualify for Medicaid benefits, there are specific and strict assets and income requirements that need to be met ahead of time. Because it can be confusing and challenging to qualify for Medicaid, working with an attorney to make sure that you have everything in order is essential.
What Rules Does Medicaid Require You to Follow?
Every state has different requirements for Medicaid eligibility, and if you are a Lancaster, PA resident, Pennsylvania does not have nursing home means testing or an income cap limit that you must be under. However, all of your assets must fall under $2,400 if your income is more than $2,205 a month or $8,000 if your income is under $2,205 a month. Additionally, Medicaid planning in Lancaster, PA with assistance becomes even more important because some assets, like a home and car, are exempt.
Things are even more complex when spouses are involved, as assets are allowed within a higher dollar amount but still restricted. Working with an elder law attorney is the best way to ensure that you and your loved ones are able to protect as many of your assets as possible. We can walk you through each step of qualifying for Medicaid, as well as how Pennsylvania laws might complicate your situation. Thanks to our years of experience and superior understanding of all of the state, federal, and local laws, we can ensure that you get the benefits you are entitled to and don’t need to drain all of your assets in order to receive the skilled nursing care that will keep you comfortable.
Where Can I Find Medicaid Planning in Lancaster, PA?
Bellomo & Associates, LLC is proud to be an experienced living trust and Medicaid attorney in Lancaster, PA. We know how stressful the Medicaid and estate planning processes can be, so we simplify the process and work hard to get your documents prepared in an efficient fashion. We have assisted local residents in transferring their assets and completing the estate planning process for over a decade, and we work hard to keep our great reputation in the community. We are both compassionate and effective. To schedule your initial consultation or learn more, call us today at (717) 845-5390.
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