Medicaid Planning

Medicaid Planning assists families with ​obtaining long-term care in home or facility ​without experiencing financial ruin. We assist ​families with Medicaid application, Financial ​restructuring within Medicaid guidelines, and ​referring to independent attorneys when ​needed for legal advice and documents.

Walking together we work towards

Peace of Mind

Tailored Coverage for Your Situation

Medicaid is Government paid Long Term Care . Not just “for the poor” Medicaid planning allows the average American to benefit fully from Medicaid financial rules. Whatever your circumstances, you will receive a multi-step plan, which makes the complex, simple. Allowing you to reduce stress and focus on caring for your loved one. Our services can often be done 100% in a client’s home or facility.

Team Based Approach

BS&W uses a team based, client centered ​approach to Medicaid Planning. We work to ​understand your unique circumstances and ​create a plan ensuring you make informed ​decisions that align with your care and financial ​goals.

Getting the Best ​Care

The highest priority of most of our clients and ​families is to have the best care for their loved ​one. We work to ensure the clients wishes are ​implemented by making best use of available ​resources. Our motto is “Plan for Care, Preserve ​Assets, and Pass on a Legacy if possible”.

70% of Americans will need Long Term Care. Medicaid is by far the largest payer of LTC. Medicaid Planning is educating clients on Medicaid LTC rules and creating a plan which takes client needs, available resources, and Medicaid rules into account to provide the best long term care solution for the client and, when needed, spouse. Clients and families benefit from knowing these rules in different situations. We will explain each option during a consultation.

70% of Americans will need Long Term Care. Medicaid is by far the largest payer of LTC. Medicaid Planning is educating clients on Medicaid LTC rules and creating a plan which takes client needs, available resources, and Medicaid rules into account to provide the best long term care solution for the client and, when needed, spouse. Clients and families benefit from knowing these rules in different situations. We will explain each option during a consultation.

Many factors go into making sure your wishes are carried out. A starting place for the Senior Market is a Healthcare Power of Attorney, Financial Power of Attorney, and a Will or Trust. Various factors determine which documents will best suit your situation including your health, income, and future goals. Working with the attorneys, BS&W will provide a personalized assessment and an effective plan of action for your situation.

Many factors go into making sure your wishes are carried out. A starting place for the Senior Market is a Healthcare Power of Attorney, Financial Power of Attorney, and a Will or Trust. Various factors determine which documents will best suit your situation including your health, income, and future goals. Working with the attorneys, BS&W will provide a personalized assessment and an effective plan of action for your situation.

Medicaid crisis planning can help you qualify for Medicaid without experiencing financial ruin. Often started after a client enters a nursing home. It involves a wholistic approach which factors in client desires, spousal living needs, available assets, and Medicaid protection rules. When appropriate, Medicaid Compliant Annuities and Funeral Trusts are important planning tools in Crisis planning which can cover expenses not covered by Medicaid.

Medicaid crisis planning can help you qualify for Medicaid without experiencing financial ruin. Often started after a client enters a nursing home. It involves a wholistic approach which factors in client desires, spousal living needs, available assets, and Medicaid protection rules. When appropriate, Medicaid Compliant Annuities and Funeral Trusts are important planning tools in Crisis planning which can cover expenses not covered by Medicaid.

Isn’t Medicaid just for the Poor?

Isn’t Medicaid just for the Poor?

No. Nursing home care often costs $12,000+ per month, and is not covered by Medicare. Medicaid transfer rules and spousal impoverishment guidelines are used to quickly qualify someone for Medicaid while preserving assets for future care and items not covered by Medicaid such as Special Needs Trusts, hearing aids, dental care, funeral and probate expenses. We help families implement these rules to obtain the best care and more quickly qualify for Medicaid benefits. The sooner the better. Once paid, nursing home fees will not be returned.

No. Nursing home care often costs $12,000+ per month, and is not covered by Medicare. Medicaid transfer rules and spousal impoverishment guidelines are used to quickly qualify someone for Medicaid while preserving assets for future care and items not covered by Medicaid such as Special Needs Trusts, hearing aids, dental care, funeral and probate expenses. We help families implement these rules to obtain the best care and more quickly qualify for Medicaid benefits. The sooner the better. Once paid, nursing home fees will not be returned.

Medicare vs Medicaid?

Medicare vs Medicaid?

Medicare is private health insurance which you qualify for by working 10 years. Most people then buy a Medicare Supplement plan, or Advantage plan, to fill in where original Medicare has gaps. Medicare usually pays up to 20 days in a rehab, and days 20 - 100 with a $204 co-pay.

Medicaid is a public benefit you qualify for by meeting specific physical and financial conditions which then permits the nursing facility or home based provider to bill Medicaid for services. Once qualified most nursing home costs not paid for by your income are covered.

Medicare is private health insurance which you qualify for by working 10 years. Most people then buy a Medicare Supplement plan, or Advantage plan, to fill in where original Medicare has gaps. Medicare usually pays up to 20 days in a rehab, and days 20 - 100 with a $204 co-pay.

Medicaid is a public benefit you qualify for by meeting specific physical and financial conditions which then permits the nursing facility or home based provider to bill Medicaid for services. Once qualified most nursing home costs not paid for by your income are covered.

Do I need POAs?

Do I need POAs?

It is not widely known that a married spouse does not have legal authority to make financial or healthcare decisions for their husband or wife. While a doctor will often take the wife’s desires for the husband into consideration, they don’t have to. While a husband may have been online banking for his wife for years, the bank doesn’t have to allow it without a financial POA, and neither will Social Security. Having a POA drafted is easy, but those for seniors need specific clauses which internet documents don’t have. It is best to obtain correct information from a competent source.

It is not widely known that a married spouse does not have legal authority to make financial or healthcare decisions for their husband or wife. While a doctor will often take the wife’s desires for the husband into consideration, they don’t have to. While a husband may have been online banking for his wife for years, the bank doesn’t have to allow it without a financial POA, and neither will Social Security. Having a POA drafted is easy, but those for seniors need specific clauses which internet documents don’t have. It is best to obtain correct information from a competent source.