Taunton Medicaid Planning Lawyer

While it is easy to assume that Medicaid benefits will continue throughout your life, that’s not always the case. Older adults often face issues with remaining eligible, especially in the event that their spouse passes away and their estate plan isn’t set up with Medicaid benefits in mind. A Taunton Medicaid planning lawyer can walk you through the steps of securing Medicaid benefits as you age and can help you create an estate plan that doesn’t limit your eligibility.

Albanese Law, LLC: Work With an Experienced Medicaid Planning Attorney

Attorney Matthew P. Albanese is dedicated to protecting elders’ rights and access to Medicaid benefits. Prior to founding Albanese Law, LLC, he served as the Legal Counsel to the Massachusetts House of Representatives Committee on Medicaid. He has also frequently lectured on Medicaid planning practices and has served as Past President of the Massachusetts Chapter of the National Academy of Elder Law Attorneys.

When working with Albanese Law, LLC, you can expect a customized estate and Medicaid plan that reflects our attorneys’ experience with Medicaid planning laws and elders’ rights.

Why Having the Right Medicaid Planning Strategy Matters

Your Medicaid planning strategy can allow you to protect your assets in an estate plan while also qualifying for Medicaid through MassHealth. If you make an estate plan without keeping in mind MassHealth’s eligibility requirements for Medicaid, you may not be able to gain access to essential healthcare and senior care.

Obtaining Medicaid benefits can be essential for many Massachusetts adults, allowing them to receive care from long-term care options such as nursing homes, in-home care, or another long-term care facility. Whether you have plans to live at RegalCare at Taunton or are still exploring your options, it is a good idea to protect your eligibility.

In Massachusetts, 327,000 seniors and disabled individuals are able to receive benefits through MassHealth. This is a total of $23.4 billion in Medicaid spending a year.

Medicaid Planning Laws to Be Aware of

Medicaid planning laws regard the specific requirements you must meet to be eligible. MassHealth upholds strict requirements to focus on getting aid to individuals without the financial resources for long-term care. But this doesn’t mean you should be penalized simply because of your estate plan.

One of the most significant eligibility requirements to understand is the asset limit you must be under to receive Medicaid for long-term care. An individual must have under 2,000 in assets, while a married couple must have under $3,000. This includes assets such as:

• Cash and bank accounts
• Investments
• Real estate
• Retirement accounts

Why You Should Hire a Medicaid Planning Lawyer

If your assets exceed the state’s limit for Medicaid, or you are concerned about other eligibility requirements, don’t be discouraged. If you hire a Medicaid planning lawyer, they can help you meet these requirements through several methods, including:

• Annuities for when only one spouse is seeking Medicaid
• Establishing a qualified income trust
• Establishing an irrevocable funeral trust
• Establishing a Medicaid asset protection trust

Reach Out to a Taunton Medicaid Planning Attorney

If you want to protect your ability to receive long-term care or other Medicaid benefits, contact Albanese Law, LLC. A Medicaid planning lawyer can help you create a strategy that protects your future access to care without sacrificing your assets.

Taunton Medicaid Planning Lawyer Reviews