Unfortunately, you cannot predict when you or your loved one may fall gravely ill. There is no way to know when an accident might occur that leaves your family member unable to care for herself. Often, the cost of medical treatment for a serious illness or injury is exorbitant. But, with the proper planning, you can help protect yourself and your loved ones from unexpected medical costs.
People with certain disabilities and end-stage diseases, as well as those over the age of 65, have access to Medicare. However, Medicare health insurance is not always enough to cover the cost of treatment. In such cases, it may be necessary to supplement Medicare and/or private health insurance with Medicaid. At Grewal Law PLLC, we can assist you with all aspects of Medicare and Medicaid planning.
Why Medicare & Medicaid Planning Matters
Often, individuals and families do not adequately prepare for the cost of an elderly loved one’s medical needs. These needs may include everything from nursing home expenses to hospice care and end-of-life treatment. However, planning in advance for these and other healthcare needs can help you protect your loved ones from the burden of exorbitant medical bills. If private health insurance and/or Medicare is not enough to cover these costs, you may want to consider Medicaid planning.
Additionally, qualifying veterans and their spouses may be eligible for benefits through the Veterans Administration. The Aid and Attendance benefit allows veterans and spouses to take advantage of an increased pension meant to assist with specific costs associated with elder care.
Who Is Eligible for Medicaid in Michigan?
Many people struggle to meet the requirements for Medicaid eligibility. The process of applying and qualifying for Medicaid can be very complicated; it is a good idea to consult with an experienced attorney about your various legal options.
In Michigan, there is a maximum allowance of assets a person and his or her spouse can have in order to be able to receive Medicaid. Once a person’s income is calculated certain expenses can be deducted when attempting to meet eligibility.
These factors include the following:
- Monthly needs ranging from $2,002.50 to $3,022.30 maximum
- House allowance of up to $600.75 per month
- Personal needs allowance of at least $30
- Spouse resources and home equity limits, in some cases
Our Michigan Medicaid planning attorneys can help you understand the eligibility requirements and assist you throughout each stage of the application process. We can also assist you in protecting the maximum assets and income allowed by law.
Medicaid to Assist with Nursing Home Costs
If a family member or loved one needs to be placed in the care of a nursing home or similar facility, Medicare will only cover a portion of the costs. In 2010, the U.S. Department of Health and Human Services reported that the average nursing home cost families over $6,000 a month. For many, this amount is simply not feasible.
Medicare will cover some or all of the costs of a stay at a skilled nursing facility for the first 100 days if your loved one meets the following criteria:
- Your loved one recently stayed in the hospital for at least three days
- Your loved one is admitted into a Medicare-certified nursing facility within 30 days of a hospital stay
- Skilled nursing care is medically necessary
Even when the above criteria are met, Medicare only fully covers the associated costs for the first 20 days. From then up until the 100th day, Medicare will only cover a portion of the costs. However, you may be able to cover some or all of the gaps with Medicaid.
Call Grewal Law PLLC for a Free Consultation
Our Michigan Medicare and Medicaid planning attorneys can help you determine your best options. We offer personalized legal services backed by more than 100 years of collective experience. We understand the various complexities of Medicare and Medicaid law and are here to answer your questions and address your concerns throughout the process.
Get in touch with us at (888) 211-5798 today to request a complimentary case evaluation.