Whether you are looking to protect assets well in advance of entry into a nursing home or in-community home care, or you need immediate assistance, our law office is here to assist you. Cheryl A. Merritt-Giles, is a knowledgeable Medicaid attorney who excels in preparing estate plans with asset protection in mind. Even if you did not engage in any advanced nursing home, or long-term home care planning or Medicaid planning, it is still likely that we can help you with asset protection. The earlier you contact us, the better chance you can protect assets for a spouse or a loved one.
The Importance of Medicaid Planning
Medicaid is a Federal and State program, and the rules vary from state to state. For example, if you reside in New York and need Medicaid, then New York’s Medicaid rules apply. If you reside in Connecticut and need Medicaid, then Connecticut’s Medicaid rules apply. You can benefit greatly from consulting with an expert Medicaid planning attorney who understands your state’s specific Medicaid qualification, application, and process for approval.
Medicaid planning can be a complicated and confusing process. Medicaid can be a massive benefit towards protecting your assets, especially if you require nursing home care or in-home care. Cheryl A. Merritt-Giles can assist with Medicaid eligibility while protecting your assets. Without Medicaid coverage, you will be personally responsible for expending the monthly cost of your elder care.
NEW YORK AND CONNECTICUT ANNUAL MEDIAN COST OF CARE (2024)
| IN-HOME CARE | COMMUNITY/ASSISTED LIVING | NURSING HOME FACILITY |
| Homemaker Services | Adult Day Health Care | Semi-Private Room |
| NY $82,368 | NY $32,500 | NY $171,550 |
| CT $77,792 | CT $32,500 | CT $180,675 |
| Home Health Aide | Assisted Living Facility | Private Room |
| NY $82,368 | NY $107,700 | NY $180,675 |
| CT $80,080 | CT $107,460 | CT $198,925 |
Resource: https://www.genworth.com/aging-and-you/finances/cost-of-care.html
Without the aid of Medicaid, the cost of a nursing home can wipe out your family’s savings, retirement funds, and inheritance for your loved ones. Our law firm can help you protect your hard-earned savings in your need for long-term care.
Medicaid Crisis Planning
The decision to place a loved one in a nursing home is often accompanied by an incredible amount of anxiety and stress. Whether long-term care is brought on by a sudden accident or by a long-term, progressive illness, this is likely an unhappy time for both the person entering the nursing home, the caregiver, and everyone else assisting with the transition.
Medicaid planning can be daunting, primarily when focusing on a loved one’s health and wellness instead of long-term care coverage. With an experienced crisis planning attorney in your corner, like Cheryl A. Merritt-Giles, the crisis Medicaid planning process can be easier to maneuver, allowing you to focus on supporting your loved ones.
Navigate New York and Connecticut Medicaid Planning with an Experienced Attorney
The Medicaid application process can be complex, and some families worry that they do not meet the household income level to qualify for care. If you work with an experienced Medicaid planning attorney, you or a loved one can have a legal plan to qualify for Medicaid. Contact Cheryl A. Merritt-Giles, Attorney at Law, to learn more about Medicaid and the benefits of obtaining legal advice for long-term care.