At Commonwealth Advisory Group, we are experts in interpreting and implementing Medicare and MA Medicaid regulations. The Medicaid application is lengthy and cumbersome. Most people are unfamiliar with MA medicaid massachusetts eligibility regulations and the recent regulatory changes associated with them. We'll help you with all of the steps and paperwork. Protecting your assets is complicated, but we help make it simple.
Careful planning, whether in advance or in immediate response to someone needing nursing home care can help protect your estate, whether for your spouse, or for your children and loved ones. Our mission is to help seniors and their families protect their assets. Following are the most common question asked:
Can't I just put my money into a Trust?
Some believe that asset protection can be achieved by putting everything into a revocable trust. Not true. All monies in revocable trusts are deemed available for nursing home care and are not protected.
I have been told that once you are in a nursing home, it is too late to plan.
It's absolutely not too late! There are ways to safeguard a lifetime of savings and property, even if someone is already privately paying in a nursing home.
The state and federal government have written regulations, which govern how to protect your life savings when faced with this situation. The majority of professionals are unfamiliar with these regulations and the recent changes associated with them allowing for asset protection.
We are experts in the interpretation and implementation of these regulations, and can help you save your assets.
Can I get assistance in financing long-term care?
Unless long-term care insurance was previously purchased, few options are available to assist in financing nursing home care. The majority of individuals in this situation turn to Medicaid. Even if someone is currently privately paying for their care in a nursing home it's not to late to protect assets. We are experts in the interpretation and implementation of these regulations. Call us at 800-705-1415 to schedule your consultation.
Preplanning is an important action to assure that assets are protected. If someone is not currently in a nursing home, pre-planning can be done to be sure their home and life savings are protected if nursing home is needed in the future. Based upon newly signed federal regulations, preplanning must be done properly. We are experts in the interpretation and implementation of these regulations. We can help! By not taking the proper steps to protect your life savings, home, jointly held property, gifted assets, retirement accounts, bank accounts, securities or mutual funds, savings bonds and insurance policies, all will be used to pay for nursing home care.
Applying for Medicaid is so confusing. Is there anyone I can turn to for help?
The Medicaid application process is lengthy and cumbersome. Most people are unfamiliar with Medicaid regulations and the recent regulatory changes associated with them. As a result, some nursing homes contract with private companies to prepare Medicaid applications for residents.
Be aware that these companies generally represent the nursing home or hospital, NOT the Medicaid applicant or his/her family.
If excess assets are available, the company will inform the nursing home and families will be expected to continue paying the facility with these assets. We are here to help you protect your assets. You provide us the documentation. We do all of the paperwork and we'll help you maneuver through the Medicaid red tape.
Will my loved one be treated differently if on Medicaid?
No. Studies have shown that all nursing home residents are treated the same. If Medicaid recipients were discriminated against by being treated differently, the nursing home would be legally liable.
At Commonwealth Advisory Group, we help protect assets from nursing home to save on nursing home medicaid costs. Commonwealth Advisory Group has helped families to protect assets prior to admission to a nursing home medicaid, and when a loved one has already been admitted to a Massachusetts Medicaid nursing home. We are Massachusetts leading Senior Asset Protection Planning and Massachusetts Medicaid planning consultants. Commonwealth Advisory Group specializes in helping Massachusetts elders and their families protect assets from Massachusetts Medicaid spend down. Please visit www.commadvisory.com for more details.
Artice Source: http://www.articlesphere.com
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