For many Michigan seniors, affording long-term care is a major challenge. Nursing homes, assisted living, and in-home care services can quickly consume an entire life’s savings, leaving a surviving spouse at financial risk and eliminating any inheritance for loved ones. Our Troy Medicaid planning attorneys work closely with families to secure the benefits needed to cover long-term care expenses. With expertise in Michigan’s Medicaid requirements, we provide guidance for both long-term planning and urgent situations.

How Medicare and Medicaid Differ in Coverage and Eligibility

Medicare offers federal health coverage to those 65 and older or individuals with disabilities but does not cover long-term care costs. It helps pay for hospital visits, outpatient care, and prescription medications, but when it comes to nursing home stays or ongoing in-home care, seniors must find alternative funding sources. This can place significant financial strain on families, especially those unprepared for the high costs of long-term care.

Medicaid is a joint federal and state program designed to help those with limited income afford necessary healthcare, including nursing homes, in-home assistance, and P.A.C.E. benefits. However, qualifying for Medicaid requires meeting strict financial criteria, which can make it challenging for middle-income families to access these benefits. By implementing Medicaid planning strategies, individuals can protect their assets while ensuring they receive the care they need.

Navigating Medicaid Qualifications in Michigan

Meeting Michigan’s Medicaid eligibility requirements can be difficult if you own significant assets, such as real estate or retirement accounts. Without legal support from Mannor Law Group, these holdings could disqualify you from receiving essential long-term care benefits. If your property and savings exceed Medicaid’s limits, our dedicated attorneys can employ legal strategies to protect your financial future while securing your eligibility. We specialize in Medicaid planning and can guide you through the process to ensure you receive the care you need.

FAQs by Troy Clients

Can You Qualify for Medicaid if You Own Property or Savings?

Applicants must meet strict state-specific asset and income limits to qualify for Medicaid benefits. These financial thresholds account for countable assets and monthly income, making it crucial to understand them when planning for Medicaid.

Why is the Medicaid look-back period important when planning asset transfers?

Medicaid uses a look-back period to assess financial transactions and prevent improper asset transfers. Any violations may result in penalties or disqualification, making it vital to understand these rules before applying.

Can a properly structured trust assist in Medicaid eligibility planning?

Establishing a trust, such as a supplemental needs trust, can help individuals qualify for Medicaid without depleting their assets. These trusts must meet specific legal requirements to be effective. Seeking professional advice from an elder law attorney can ensure compliance.

Medicaid Eligibility and Asset Protection: A Forward-Thinking Approach

Being in good health now doesn’t mean you won’t need Medicaid in the future. Long-term care costs can be overwhelming, and without proper planning, you may be forced to spend down your savings before qualifying.
We help families create Medicaid plans that protect their wealth while ensuring access to necessary care. Through strategic estate planning, we safeguard your financial future while keeping you eligible for benefits.
This allows you to receive support when you need it without losing everything you’ve worked for. Be mindful that giving away assets can trigger Medicaid penalties, making it harder to qualify when the time comes.

Don’t wait—get in touch with our Medicaid planning attorneys today for expert assistance with all Medicaid concerns, urgent or otherwise!

Some conditions that require long-term care progress slowly, while others appear without warning. Either way, the financial strain can be severe, especially if your loved one has too many assets to qualify for Medicaid. Without legal support, covering care costs can feel impossible. At Mannor Law Group, our Grand Blanc Medicaid planning attorneys develop tailored strategies to help seniors gain eligibility while preserving their assets. Find out how we’ve made a difference—read our client testimonials.