Full Care to Partial Service Coverage
Increasing gaps in Medicaid-funded long-term care (LTC) have shifted the focus of attorneys in elder law towards helping clients in reorganizing assets to accommodate hybrid public- and private-pay models.
Up until 2015, family members needing full-time care had only two options: private payment or Medicaid eligibility. Medicaid estate planning emerged as a dominant approach to earn coverage for the majority of Americans who didn’t meet the Medicaid eligibility threshold because they had above $2,000 in countable assets and who were unable to pay for private care insurance requiring at least $200,000 in assets.1
Medicaid estate planning refers to the use of legally compliant financial and estate-planning strategies to satisfy Medicaid’s st…
