Maryland Long-Term Care / Medicaid Planning
Get Help With Medical Assistance (Medicaid) and Financial Planning for Nursing Homes and Other Long-term Care
Medical Assistance (Medicaid) is the government health insurance program that helps pay for long-term nursing home care.
Medicaid is means tested: the government looks at both the nursing home resident’s and, if applicable, the nursing home resident’s spouse’s assets when determining financial eligibility for benefits.
The law provides for a number of ways to spend down assets so you can keep more of your money, qualify for Medicaid faster, and get that government health insurance coverage for nursing home care.
What is Medicaid Planning?
Medicaid planning may include:
- for a single nursing home resident, establishing and funding a supplemental needs trust (also known as a special needs trust);
- for the nursing home resident’s spouse, the purchase of a Medicaid-compliant annuity; and
- for the nursing home resident’s child(ren), gifting strategies.
The person who knows about Medicaid law and how to help you with Medicaid planning is an elder law and disability law attorney.
The Law Office of Henry Nash practices Medicaid law. We work with clients in Rockville, throughout Montgomery County, and elsewhere in Maryland. If you have any questions or concerns about paying for long-term nursing home care, and want to discuss with an experienced elder law and disability law attorney, please feel free to contact us.