“If Grandpa goes into a nursing home, will he have to pay out of pocket until resources are drained in order for Medicaid benefits to start?”
.It’s true that in order to qualify for Medicaid, a single person can only have $2,000 of total “countable” assets (like money, extra cars, valuable collections etc.).
However, there are MUCH SMARTER ways to qualify for Medicaid without going broke!
Grandpa does not have to spend everything, if he plans correctly.
And that’s the kicker here, IF he plans correctly.
Medicaid benefits are excellent for paying long-term care without sacrificing your family inheritance 🏠. However, this is a difficult process that is riddled with strict guidelines, laws, and complications.
This is why people need a qualified attorney.
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you! Call me at 309-674-8125, visit at www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cites and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.