Schlessel Law PLLC, a renowned Medicaid planning law firm Nassau County, has shed light on the complexities of Medicaid in their latest article. The piece, titled ‘Medicaid in New York,’ is a comprehensive guide that aims to demystify the process of Medicaid application and long-term care planning.
In the first section of their insightful article, the Medicaid planning law firm Nassau County illustrates the potentially overwhelming financial burden of long-term medical care. They highlight the startling costs of home care and nursing home care expenses on Long Island, which can go as high as $21,000 and $140,000 per year, respectively. The firm emphasizes that Medicaid, a United States Department of Social Services program, can be a viable financial aid solution for those in need of long-term medical care.
Continuing in their effort to provide readers with a thorough understanding, the Medicaid planning law firm Nassau County, Long Island, NY details the eligibility criteria to qualify for Medicaid in New York. The firm also makes a clear distinction between Chronic Care Medicaid and Community Medicaid, each serving unique health needs, and outlines the eligibility requirements for both programs.
“Through our article, we hope to clarify the often misunderstood Medicaid requirements,” attorney Seth Schlessel shared. “Contrary to popular belief, applicants do not need to exhaust their finances to qualify. We aim to provide clear, accurate information to help individuals navigate the Medicaid application process effectively.”
The article further explores the concept of countable versus non-countable assets, which is crucial in the Medicaid application process. Schlessel Law PLLC explains “Countable assets, including cash, stocks, investments, and more, are taken into consideration during the application process. However, some assets, such as a primary home, personal belongings, and others are considered exempt or non-countable.”
The firm also discusses the “Medicaid Look-back Period,” a critical aspect of the Medicaid application process. New York imposes a 5-year Look-back period for Medicaid applicants for nursing home care and 3 months for those applying under Community Medicaid, although this is set to change. According to attorney Seth Schlessel, careful planning of an estate is essential to maintain eligibility for Medicaid while keeping as many assets as possible.
The article concludes with a call to action, encouraging individuals to start planning for long-term care before the need arises. As Schlessel Law PLLC asserts, “Estate planning and Medicaid planning are critical to avoid unnecessary penalties and to ensure eligibility for Medicaid.”
About Schlessel Law PLLC:
Schlessel Law PLLC, based in Nassau County, Long Island, NY, has a commendable record of serving its clients’ best interests by providing qualified legal advice. Their team of attorneys, led by Seth Schlessel, has helped numerous families navigate the intricacies of estate planning, elder law, and Medicaid planning, thereby protecting their legacy. Their latest article, ‘Medicaid in New York,’ is an extension of their commitment to offering comprehensive legal advice to those in need.
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Company Name: Schlessel Law PLLC
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