BETTEN, MURPHY & WEISS
Attorneys, PA
Brevard's Elder Law Firm
1800 Penn Street, Suite 6
Melbourne, FL 32901-2625
Phone (321) 676-2525
Medicaid estate planning is the divestiture of assets in order to qualify for Medicaid benefits
in paying for long term care. Not everyone will need to be concerned about losing or dispersing their
assets in order to qualify for Medicaid. Many people have secured financial stability in paying for
their long term care through the purchase of long term care insurance or are wealthy enough to self pay. Paying for long term care is not an either-or issue of insurance verses Medicaid. If your condition
and stay in a nursing home outlasts your insurance though, preparedness for
Medicaid may be important. Medicaid estate planning continues to be a controversial means of Medicaid qualification and paying for
care in elderly years. Each person will need to make up their own mind about where they fit on the
subject. Regardless of how you feel about Medicaid estate planning, be certain to evaluate your
financial situation as far in advance as possible so you can plan as effectively as possible for
long term and medical care.
MEDICAID FAQs (frequently asked questions)
MEDICAID eligibility for a single person
MEDICAID eligibility for a married person