How to Follow the Law During Medicaid Planning
As your parents start getting older, they may show signs of needing the kind of care that only a nursing home or assisted living facility can provide. As families prepare for this change, they often become overwhelmed with the number of financial decisions that must be made — deciding whether to sell homes, cars and other property — and they may attempt to divide assets ahead of time in the form of gifts to relatives. Often, elderly parents or their adult children rely on the advice of friends when making these decisions, but it’s important to understand that everything you do in anticipation of moving a parent into a care facility has legal ramifications.
If and when your parents start to run out of money, Florida’s Long-term Care program may pay for their housing and essentials, in addition to covering medical costs. Other covered services may include:
- Adult day healthcare
- Home-delivered meals
- Behavioral management
- Medication administration
- Physical and occupational therapy
- Nonemergency transportation
To ensure your parent is eligible for such services, you need to plan ahead and follow certain legal requirements in the years leading up to the application process. To learn how your loved one’s finances should be managed during this time, it is important to speak with an experienced attorney.
There are many options allowed by law for planning and distributing assets. An experienced attorney will be familiar with the Social Security Administration’s rules to determine which actions are allowed and which aren’t. Your parents worked hard their entire lives to save money for their future and provide for their family. By seeking the advice of an experienced and caring attorney, you can help them keep as much of those savings as possible.
For help understanding your legal rights and responsibilities in the Medicaid planning process, contact a compassionate Florida elder care attorney at the Charles Law Offices today.