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Nursing Home Planning

Our Attorneys can help you protect your assets from the cost of nursing home expenses while preserving assets for your spouse and your children.

Almost half of all Americans will spend some time in a nursing home. The cost of a nursing home in the Massachusetts is approximately $6,000 per month, some exceeding $10,000 per month.

The key to Medicaid planning is to act quickly. Failure to act eventually costs a considerable amount of money. If the nursing home cost is $6,000 per month, then the cost of delayed planning is that amount times the months of delaying planning. Since the Medicaid penalizes for transfers beginning on the date of the transfer, it is possible to protect significant assets by planning early. In those cases where planning was not done you will want to immediately maximize the protections available you as the spouse remaining at home. In addition, you will want to change your will, life insurance, and title to real estate to allow your spouse to be cared for if you die first without making your spouse ineligible for Medicaid. If the person is already in a nursing home, assets can still be protected, but the earlier the planning is done, the more assets are preserved.

Medicaid is a needs based program. Its eligibility requirements are based on the need for assistance based upon the individual's financial and medical position. Nursing home care is an extension to our overall medical treatment system. Medicaid pays for this long term nursing home care. While the Medicaid program seemingly has strict financial requirements, there are options with which a family can restructure its assets to qualify for benefits while preserving at a large part of the assets for the remaining family members and or the person receiving the benefits.

if you are denied Medicaid on an application, our attorneys can represent you in the appeals process. If you need help planning for medicaid or nursing home long term care, please call us.