SAVE YOUR HOME. DON’T LET THE STATE OF MICHIGAN TAKE IT! Call us.
Michigan is a recovery State. That means if you or a loved one receives Medicaid Benefits in your lifetime, the STATE can take the home. We help prevent that outcome.
It is estimated that nearly half of Michigan residents will need nursing home care after the age of 65 and over 70% will need some sort of long-term care (LTC). Costs for this care increases at a rate of 10.7% per year (compared to 2-3% for inflation) and will likely average $75,000 per year by 2020 for LTC and over $95,000 per year for nursing homes. According to AIG, only 7% of Michigan residents have insurance coverage for long-term or nursing care and, as of 2016, more than two-thirds of Michigan families will spend the entirety of their savings after less than two years of nursing home care.
You can prepare now to protect your and your family’s lifetime earnings in the likely event of one or both spouses needing long-term care, and we can help. Northern Michigan Elder Law has experience in Medicaid Planning and expert knowledge of the Michigan laws and regulations concerning Medicaid. We will work with you extensively to ensure needed care is obtained, while also preserving your assets for the benefit of your family. It is extremely important that assets are structured or gifted in perfect compliance with the rules of the Medicaid program. For example, if a gift is given incorrectly, it results in a divestment. The penalties for divestment can be harsh and will possibly include the loss of Medicaid eligibility for years.
Advance planning is crucial to avoid the emotional and financial pain that comes with an emergency need for nursing home care. Medicare will not cover an extended stay in a nursing home and–if not properly planned for and executed–Medicaid applications may be denied or delayed. However, if you find yourself in a Medicaid crisis and need assistance now, NMEL can still aid you in obtaining necessary care and qualifying for the valuable assistance provided under Medicaid, even if you or a loved one is already in a nursing home. We may be able to help even if you have already been denied Medicaid eligibility.
There are numerous and ever-changing laws that control Medicaid eligibility. Allow us to use our knowledge and expertise to help you protect yourself and your family. Make an appointment today.
Call: (231) 715-1401