At Bach, Jacobs & Byrne, P.A., we are dedicated to helping families protect their assets from the financial strain of long-term care costs. With life expectancy steadily increasing, planning for future care needs has become more crucial than ever. Our team of experienced attorneys create a personalized strategy to safeguard your financial stability and protect the assets you’ve worked hard to accumulate.
Medicaid & Asset Protection Planning
Medicaid & Asset Protection Planning
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The burden of long-term care expenses can be overwhelming for many families. At Bach, Jacobs & Byrne, P.A., we guide you through a variety of options to help cover anticipated care costs, ensuring that you don’t have to exhaust your savings in the process. We help families navigate government benefits like Medicaid, which can offer crucial financial support for long-term care needs, provided eligibility requirements are met.
A key area of focus at our firm is asset protection planning, specifically for Medicaid qualification. Navigating the Medicaid process can be complicated, but our attorneys are here to guide you through every step, ensuring that you meet the necessary eligibility requirements while also strategically preserving your assets. Medicaid is a joint federal and state program designed to assist eligible individuals with their healthcare expenses, including long-term care. Many people mistakenly believe that Medicare covers long-term care, but it does not. Medicaid, however, is designed to bridge the gap for those who qualify, providing essential financial support for long-term care services. In Sarasota County, for example, the average cost of skilled nursing care can reach $10,463 per month, and these costs continue to rise annually. For individuals who meet the eligibility criteria, Medicaid can make a significant difference in covering these high expenses.
At Bach, Jacobs & Byrne, P.A., we offer a range of asset protection strategies to help restructure your assets in a way that preserves them while maintaining Medicaid eligibility. These strategies require careful planning and decision-making to ensure you can still access your assets without disqualifying yourself from Medicaid benefits.
Given the complexity of Medicaid eligibility and asset protection planning, having professional guidance is essential. Our team at Bach, Jacobs & Byrne, P.A. is here to provide you with personalized, comprehensive solutions tailored to your unique needs. Whether you’re planning for your future care needs or working to protect assets for a loved one, we are committed to offering expert legal advice and peace of mind. Let us help you navigate the complexities of Medicaid eligibility and create a tailored strategy that aligns with your goals and financial security.
