Emergency Medicaid Planning: Mitigating the Damage of Inept Planning and Changed Circumstances

Spend-Down Strategies, Excess Assets, Minimizing the Fallout of Ineffective Trusts, Navigating the Application Process

This program is postponed. New date TBD.

A live 90-minute CLE webinar with interactive Q&A


Date: TBD


This CLE webinar will provide elder counsel guidance on emergency Medicaid planning to correct and minimize the damage of ineffective Medicaid planning methods. The panel will discuss critical issues that impact Medicaid planning techniques, navigating the application process, spend-down strategies for Medicaid eligibility, excess assets and mitigating the fallout of ineffective trusts.

Description

The costs associated with long-term care along with stringent eligibility requirements for Medicaid solidifies the importance of planning for those expenses. Elder law counsel and advisers must implement planning methods to ensure Medicaid eligibility in case of an emergency or changed circumstances.

Medicaid eligibility hinges on both the financial and medical needs of an individual. The requirements and rules are specific for each state and demand careful analysis to ensure eligibility. In all states, the income and assets of an individual are vital factors in determining eligibility. Exceeding the income and asset limitations for Medicaid benefits can derail efforts in obtaining necessary care.

Inept planning for Medicaid eligibility to cover the costs of long-term care can bring about the need for emergency strategies to avoid rash decisions impacting the overall assets of the individual in need. Elder law counsel must be knowledgable of both federal and state rules in determining Medicaid eligibility and available asset protection methods in light of the income and asset limitations imposed by those rules.

Listen as our panel discusses factors in determining Medicaid eligibility, the use of spend-down techniques, minimizing the fallout of ineffective trusts and other methods to ensure Medicaid eligibility.

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Outline

  1. Medicaid eligibility rules and factors to consider
  2. Qualifying for Medicaid when income exceeds the limit
  3. Qualifying for Medicaid when assets exceed the limit
  4. Minimizing the fallout of ineffective trusts
  5. Navigating the application process for emergency Medicaid

Benefits

The panel will review these and other key issues:

  • What are the critical factors in determining Medicaid eligibility?
  • How can you qualify for Medicaid when your income exceeds the limit?
  • What methods are available to qualify for Medicaid when your assets exceed the limit?
  • What options are available to limit the fallout of an ineffective trust for Medicaid purposes?
  • Essential spend-down techniques and landmines to avoid
  • Emergency Medicaid application process and items of focus

Faculty

Dowell, Shelley
Shelley Dowell

Atty
Kentucky Elderlaw

Ms. Dowell assists older clients, their children and other family members with Nursing Home, Medicaid, asset...  |  Read More

Krause, Thomas
Thomas R. Krause, J.D.

Vice President of Sales and Marketing
Krause Financial Services

Mr. Krause is the Vice President of Sales and Marketing at Krause Financial Services. He specializes in using annuities...  |  Read More