Get Answers For Your Medicaid Planning
When beginning the process of Medicaid planning, you likely have more questions than answers. Thankfully, you can get the answers you need at the Strongsville office of Butcher Elder Law. Ohio attorney Samuel V. Butcher, Esq., RPh, CELA, has more than 25 years of experience in estate planning and is ready to answer your questions, such as:
What is Medicaid?
Medicaid is a government program that offers health benefits to individuals, families and disabled people with low income. Medicaid is a joint program at both the state and federal levels.
How can Medicaid help me?
Medicaid can help you make ends meet by covering the costs of medical expenses like office visits to the doctor, hospitalization, prescriptions and medication, long-term care and other medical financial burdens that an individual or family can experience.
How do I qualify for Medicaid?
Not everyone can qualify for the government program. If you want to qualify for this benefit, you will need to be within the acceptable range of income and asset requirements. In Ohio, an individual seeking Nursing Home Medicaid, for example, needs to earn less than $2,742 per month and have less than $2,000 in assets, in addition to requiring a certain level of care. Attorney Butch can review your unique case to help determine if you qualify for Medicaid.
What is a qualified income trust?
Also known as a Miller Trust, a Qualified Income Trust (QIT) is a legal arrangement that grants individuals with income above Medicaid’s requirements to qualify for Medicaid by placing the excess in these trusts. This option can help someone keep their assets as they age.
Do I need a lawyer to help me with my Medicaid application?
It is not legally required to have an attorney help you with your Medicaid application, but the help they offer can drastically improve the outcome of your application. Mr. Butcher’s guidance can save you time, money and energy in your Medicaid application, and he is only a phone call away.