Medicaid Planning 

Medicaid planning is a strategic approach designed to help individuals and families protect their assets while ensuring eligibility for Medicaid benefits, primarily to cover long-term care costs. As healthcare expenses continue to rise, many individuals find themselves needing assistance to navigate the complexities of Medicaid eligibility rules. This planning process involves understanding both federal and state regulations, which may vary significantly, and often requires a thorough assessment of one's financial situation. By proactively arranging assets and possibly restructuring ownership, families can preserve wealth for future generations while still qualifying for the necessary healthcare benefits.

One common misconception about Medicaid planning is that it is purely about shielding assets from government scrutiny. However, it encompasses a broader perspective, including the potential need for legal and financial advice to effectively manage an individual’s estate. Techniques such as creating trusts, gifting assets, or employing spend-down strategies are often utilized to align with Medicaid’s requirements. The ultimate goal is to strike a careful balance between maintaining financial stability and gaining access to crucial medical care, ensuring that individuals can age with dignity and adequate support. Engaging in Medicaid planning well in advance of needing services can significantly enhance peace of mind for individuals and their families, ensuring they make informed decisions that align with their long-term goals.

Medicaid is the medical assistance program that provides access to health care for low-income families and individuals. Medicaid also assists the elderly and people with disabilities with the costs of skilled nursing facility care and other medical and long-term care expenses.

Ruth C. Rhodes advises clients regarding how to qualify, obtain and maintain Medicaid benefits. She utilizes various legal techniques and legal instruments, which protect and preserve assets while still allowing medicaid eligibility. She advises her clients regarding the most appropriate long-term living arrangements for their particular situation. In addition, she develops personalized plans for each client and their family as their loved ones age, including the best use and management of personal and financial resources to meet their long-term objectives.