Medicaid Planning

Medicaid and Medicare are often confused, but they serve very different purposes. While Medicare provides limited healthcare coverage, it does not cover long-term care beyond a short period. Medicaid, on the other hand, helps cover long-term care costs for those who meet strict income and asset requirements. This creates a common challenge since many individuals have too many assets to qualify, but not enough to afford care on their own. Without proper planning, assets may need to be spent down before eligibility is granted. Medicaid planning is a legal strategy that helps you qualify for benefits while protecting your assets. With the right approach, it’s possible to preserve what you’ve built and ensure it passes to your loved ones.