Leading Elder Law Attorney Rory Clark founder of the Legacy Elder Law Center in Leesburg, VA, discusses the misinformation of Medicaid and nursing home fees that influences people's decisions on their finances. For more information please visit https://legacyelderlaw.com
Leesburg, VA, United States - July 31, 2023 —
Growing concerns over the misinformation plaguing and influencing people's decisions over the impact of Medicaid and nursing home fees on their finances has spurred Elder Law Attorney Rory Clark to re-address the issues.
For more information please visit https://legacyelderlaw.com
He urged those looking at their long-term care needs or trying to grapple with Medicaid's conditions to first seek specialist guidance and advice from Elder Law and Estate Planning attorneys who were specialists in their fields.
Mr Clark, founder of The Legacy Elder Law Center, in Leesburg, VA, asserted: "Don't rely on second-hand information or hearsay from friends, family, neighbors and relations on such important topics as Medicaid. Go to a specialist attorney who can advise the best approach."
He said numerous clients had perceived that Medicaid was universally the same for everyone. "Each and everyone's situation and finances will vary, and so will their Medicaid experience. Even from state to state, that can change as well. So they should investigate their situation thoroughly."
Applications will be considered on various grounds, including age, a person's assets, income bracket, and the level of care they require. "Some states look at the applicant's income, including pension and social security, to determine Medicaid eligibility, while others consider both the income and the person's assets."
He also enlightened on two misconceptions that could cloud people's thinking– that they can either delay Medicaid planning or be too late to apply for it.
Mr Clark said: "Many people don't know that long-term nursing care can be very costly. Preparing ahead of time, or at least planning contingencies before seeking Medicaid assistance, is highly recommended. Ultimately, this could mean a couple could save or protect more financial assets in the long run.
"If someone has already moved into long-term nursing care, it is never too late for Medicaid planning. Even if a loved one has used funds to pay for care at a nursing facility, there could still be time, especially if they are married."
Another misconception is that Medicaid is a welfare system primarily for people who don't work. But he countered that, adding: "Over 60% of those receiving Medicaid are from working families."
Another misconception is that people cannot keep their incomes if their spouse receives Medicaid benefits for nursing home expenses. "Your income is handled separately in Medicaid matters. Money and property owned by both spouses will be taken into consideration when it comes to qualifying for Medicaid," he said.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Rory Clark
Email: Send Email
Organization: The Legacy Elder Law Center
Address: Market Station, 108 South Street, SE, Suite 212, Leesburg, VA 20175
Phone: 703-783-1195
Website: https://legacyelderlaw.com
Release ID: 89103430
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