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What is Long Term Care?
Why Would I Need Help With a Medicaid Application?
An Elder Law attorney we work with stated ” It is so sad when a married couple comes to me overwhelmed with the stress of being denied Medicaid after the confusing application process . They don’t understanding why they were denied. They also tell me, “We have spent all of our assets as we have been told by our friends and professionals!!””
If you are married, you do not need to spend all of your assets! Assets need to be re-positioned to fit within the limits set by the Washington Administrative Code (WAC). We can help you do this!
One of the first things that we explain in our seminars is that The Legislature never intended for BOTH spouses to become impoverished just because one of the spouses needs Long Term Care! If you are single, it is a totally different story.
Many Americans know that they could outlive their retirement savings, and eventually will need to apply for Medicaid. What many don’t know is that the Medicaid application process makes applying for a home loan look easy. Social Workers require hundreds of documents and can even request financial records from up to 5 years ago! The Medicaid application can take months to process and there is no guarantee of acceptance. We have helped hundreds of applicants successfully navigate the Medicaid process. We identify the medical needs that warrant a Medicaid application, gather documents, coordinate with Medicaid attorneys and accountants, and help identify companies that can meet those medical needs.
I have savings, why do I need Long Term Care Insurance?
Long term care insurance is, regrettably, something few have heard of and even fewer have researched. Far too many people on the cusp of retirement have restricted their planning to a pension, 401k, and personal savings accounts. These are great if you can maintain your health and stay in your home. Sadly, a single fall, stroke, or a heart attack can make staying in your home more difficult. If you or a loved one suddenly need the level of care that is only available at a skilled nursing or memory care community, your savings can disappear long before you do. Many people think that a comfortable retirement with budgeted expected expenses is around $40,000 a year. Expenses for a single year in an intensive care community can exceed $100,000. Are you prepared for that?