Nassau County Medicaid Lawyer
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Planning for nursing home and medical care or assisted living may be complicated, particularly in terms of Medicaid eligibility. It is often beneficial to address these matters with the help of an experienced elder law attorney who can advise you on your options in qualifying for Medicaid and protecting your assets at the same time. For a free review by a Nassau County elder law lawyer, contact our law offices at your earliest convenience. We can talk to you about your particular case and how we can assist you.
Medicaid is a government program administered jointly by Federal, state, and local authorities that provides medical and other benefits for qualifying individuals. Those suffering from a disability, injury, or illness that is permanent or chronic may be awarded substantial, lifelong help. However, Medicaid is designed to help people who have little to no assets or income that, in other words, are unable to afford care for themselves.
Even if you have a high net worth, financing your own care can deplete even the most sizable nest eggs. Nursing homes in the Long Island, Suffolk, Queens and Nassau County areas can cost $10,000-$15,000 per month. Other medical or home care also can be expensive. People who wish to be eligible for Medicaid that have some or even many assets and/or income often believe that they cannot qualify unless they deplete almost all that they have accumulated before applying. In reality, proper planning with a qualified elder law attorney can give you the best of both worlds - the conservation of your life's savings, income, and home while qualifying for Medicaid. There are legal ways to utilize various protective vehicles such as irrevocable
trusts, pooled income trusts, special needs trusts, supplemental needs trusts, caregiver agreements, fixed annuities, etc. all of which can protect your current and future assets while enabling you to enjoy Medicaid's many benefits.
Elder Attorney in Long Island, NY
Virdone Law Firm, P.C. can help with everything from the application to the asset protection and
estate planning involved in the Medicaid web. Our strategies can shield your life's accumulations from rapid evaporation while also ensuring that you can provide for your heirs. We represent individuals and families in Long Island, Queens County, Suffolk County, Nassau County and the surrounding areas New York.
Call our Nassau County elder law attorney
to discuss what you can do to seek the benefits you need.