“Legal Ease: Medicaid Asset Protection Planning — what is it?,” by Rebecca A. Hobbes, The Times Herald

Quote:

“In order to avoid having a Medicaid penalty, it is important to first understand the Medicaid rules and know what transfers will interfere with your eligibility. It is also important to make sure that you engage in Medicaid asset protection planning in advance of when you will actually need long-term care. A good age to begin planning is around age 65, although everyone’s situation is different. … Speaking with an elder law attorney can help you and your loved ones explore options available to avoid you or them being personally responsible for the costs of your care.”

 

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

As the economy tanks, we’re seeing more of these Medicaid planning hustles than ever.