Long term care planning and the Medicaid program involve very complex issues, which require careful thought and consideration. For several years now, Attorney Stephen Kosa and his staff have been assisting clients with their long term care and Medicaid matters in Hudson, River Falls, and surrounding communities in Western Wisconsin and Minnesota. We have the knowledge and experience to answer your questions about long term care, and to assist you with your Medicaid matters.
What is Medicaid?
Medicaid is a government program that provides assistance to someone who is not able to pay for their medical care. If someone is eligible for the program, Medicaid helps with the cost of necessary medical and hospital services, including the cost of assisted living facilities or long-term nursing care. The Medicaid laws are among the most complex laws in our country. They are frequently evolving, and every state has their own set of laws and procedures regarding eligibility for the program, and how the program’s benefits may be applied.
How Can an Attorney Help with Long Term Care Planning?
Depending upon an individual’s particular needs and circumstances, there are different programs under Wisconsin’s Medicaid umbrella that may be available to them. Currently, these programs include: All-Inclusive Care for the Elderly, Family Care Partnership, the Family Care program, and the IRIS program. Navigating these programs can be overwhelming. To become eligible for Wisconsin Medicaid, an individual’s income and assets are evaluated. Also taken into account are the assets of the applicant’s spouse. Because the Medicaid laws are so complex, application for the program can become confusing very quickly. Improperly handled applications can result in denial of benefits for the individual, so it is very important to seek counsel from an attorney who is knowledgeable in such matters.
Attorney Stephen Kosa has the knowledge and experience to assist you with your Medicaid matters. He will carefully explain the complex rules of the program, including:
- Asset Limits
- Purchase of Exempt Assets
- Income Limits
- Divestment
- Conveyance of Real Estate
- Life Estates
- Irrevocable Trusts
- Long-Term Care Insurance
- Tax Ramifications of Medical Assistance Planning