No other area of the law evokes as much confusion or creates as many misconceptions as elder law and Medicaid planning. With the elderly population in the United States growing faster than any other age bracket, however, it is important to clarify what an elder law attorney does and how Medicaid planning can help you or a loved one.
At the Law Offices of Kobrick & Moccia our New York elder law and Medicaid planning attorneys are dedicated to protecting the elderly and their assets through competent and compassionate legal counsel. Contact us today by calling 800-295-1917 or by completing our online contact form so we can get started protecting you and your family.
What Is Elder Law?
People are frequently unsure what services an elder law attorney provides and are, therefore, unsure if they need an elder law attorney. The odds are favorable that you have an elderly family member whom you wish to protect and help care for in the years to come. If so, you need an elder law attorney.
Elder law is a broad area of the law that addresses the legal, health, and social issues that are unique to older individuals. Instead of focusing on an isolated legal issue, elder law looks at the big picture from the point of view of the elderly and those who care for them. Issues, such as asset protection, healthcare, and long-term care are just some of the issues that an elder law attorney will be familiar with and be prepared to offer guidance and advice on to the elderly and their families.
What Is Medicaid Planning?
Misconceptions about Medicaid planning are common. Understanding the truth, however, is essential if you wish to protect your assets or those of an elderly loved one. Your odds of needing long-term care at some point in your life are two in five before you reach retirement age. At age 65 they increase to one in two and by age 80 they jump to three in four. Most private health insurance plans will not cover the costs associated with long-term care nor will Medicare. The Medicaid program does cover long-term care costs; however, income and asset limits can prevent qualifying for benefits – or they can mean losing assets that you spent a lifetime acquiring. Medicaid planning can protect those assets and ensure that you qualify for benefits when you need them.
Don’t allow your misconceptions about Medicaid planning prevent you from protecting yourself and your assets, or those of a loved one. At the Law Offices of Kobrick & Moccia our New York elder law and Medicaid planning attorneys would like to help you incorporate Medicaid planning into your overall estate plan now to ensure you are protected in the future. Contact us today by calling 800-295-1917 or by completing our online contact form.
