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FAQs

MEDICAID

Q: Will I have to spend my entire life savings to qualify for Medicaid?
A: No. We can show you how to get there while protecting most, if not all, of your assets.

Q: Can’t I find out from the Medicaid office or a state caseworker how to protect my assets?
A: No. Medicaid and state caseworkers are not allowed to give financial or legal advice.

Q: How long will it take to become eligible for Medicaid?
A: It depends. Medicaid eligibility is linked to income, expenses, value or assets, etc. We teach you how to use the Medicaid rules to get a resident financially qualified as quickly as possible.

Q: If my loved one is on Medicaid, won’t they get substandard care?
A: No. The actual caregivers have no idea, nor do they care, which is which. In addition, every facility must abide by state and federal standards of care. Quality care is the function of the specific facility rather than the pay source of the patient.

Q: Is long term care from Medicaid a permanent solution?
A: Once a patient is financially qualifies for long-term care via Medicaid they would remain qualified for the rest of their lives unless they acquire additional assets (i.e. an inheritance).

Q: Is it against the rules to gift away your assets for the purpose of qualifying for Medicaid?
A: No. We disclose the complete asset protection strategies with Medicaid so everything is above board. There is absolutely no need to hide anything.

Q: My father is in a nursing home. I am interested in protecting as much of his money as possible for his grandchildren. What choices do I have?
A: Let us teach you the techniques and strategies that will allow you to implement a plan to protect a large portion of his estate for his grandchildren, while allowing him to qualify for Medicaid.

VETERAN BENEFITS

Q: Who qualifies for Aid and Attendance?
A: Any wartime veteran or surviving spouse of a wartime veteran 65 or older or diagnosed as completely disabled if under 65 and who satisfies the service criteria and needs the aid and attendance of another person to perform at least 2 activities of daily living such as bathing, feeding, dressing, attending to the wants of nature, or protecting himself/herself from the hazards of his/her daily environment.

Q: What is the service criteria?
A: The veteran must have served at least 90 days of consecutive service, 1 day during war time (see eligible periods of war), and been honorably discharged.  In some cases a less than dishonorable discharge or “bad paper” may still be eligible.

Q: What documents do I need in order to apply?
A: We will provide you with a check list of everything we would eventually need in order to file the benefit.  Every application is different and different documents are needed under certain circumstances.  Things like social security benefits letter, copy of driver license, Medicare card, insurance cards, bank statements, death certificate (if necessary), marriage certificate (if necessary), Medical evaluation from the claimants doctor, medical expense, and military discharge papers.

Q: Is there a look back period regarding assets?
A: Unlike Medicaid there is currently no look back period when applying for aid and attendance.  With the proper structured gifting we can get you qualified.  The VA uses the value of assets at the time of application.

Q: How long does it take to get an answer from the VA.
A: Typical wait time is currently 4 to 6 months.  Providing we have a full and complete file with all the supporting documentation wait time can be cut to as little 6 to 8 weeks.   Benefits are paid retro-active dating back to the 1st of the month following the date of application.

Q: Is the pension taxable income?
A: No, this is a non-taxable federal benefit and is recognized as such by the IRS and SSA.

Q: My mom remarried after my dad who was the veteran, passed away.  Is she still eligible for benefits from my dad’s service?
A: No, once your mom remarried she gave up rights to benefits resulting from your dads service.  However she would be eligible for benefits from her second husband provided they were married at least one year and her new husband satisfied the service criteria.