Just like most other healthcare expenses, assisted living isn’t cheap. While California has Medi-Cal, a program that aims to help those in need of healthcare with the daunting expenses, it’s a program that requires applicants to meet certain qualifications. Most people struggle to qualify, as it’s a needs-based healthcare program. However, when you work with our experienced Jackson assisted living lawyer, we can assist you in the Medi-Cal application process and guard your family’s hard-earned assets so that you can get financial aid for assisted living care. Call Equal Justice Law Group today to schedule a complimentary, no-obligation consultation.

Let Our Attorney Protect Your Life’s Savings!

The average cost of assisted living in California is between $5,000 – $8,000 a month. Unfortunately, costs like these aren’t covered by Medicare or personal insurance. Medi-Cal can cover some of these costs, but strict qualifications must be met. While most elderly California residents can’t afford assisted living themselves, they often make too much money to qualify for Medi-Cal assistance. That’s why it’s important to work with a Jackson assisted living lawyer who can help you protect your assets, but still have access to them to help you pay for care. We’ll help you understand your legal options and shield your assets so they can be passed to your loved ones down the road. We can even assist with the application paperwork. 

If you fail to plan for your assisted living needs, you’ll likely:

• Have to use your life’s savings to pay for your care, leaving nothing behind for loved ones.
• Put your loved ones in financial jeopardy, as they’ll have to cover your necessary expenses.
• Forgo the care you need, and suffer without assistance. 

None of these circumstances is ideal, but working with our Jackson assisted living attorney can prevent any of them from happening. 

Actions We Can Take Together

Exempt Assets: Some assets are exempt when it comes to qualifying for Medi-Cal, and others are not. Working with a lawyer to legally convert your nonexempt assets to exempt ones is an option you have that could protect those assets from disqualifying you for aid!

Gifting: This is another way to exempt your assets. By giving your possessions to a family member, they’ll be kept safe. However, Medi-Cal has a 30-month lookback period where they’ll determine what’s been gifted and count it as your resource. That’s why planning ahead is crucial. With careful consideration and time, you can appropriately gift assets in a way that safeguards them without disqualifying you.

Irrevocable Trust: An irrevocable trust is a trust that owns assets outside of your name. You’ll still have control of your assets, but they cannot be counted towards Medi-Cal eligibility. 

Our seasoned Jackson assisted living lawyer can help you determine which course of action is best suited for your unique needs and guide you through the process of completion.

Want To Know More About Your Options & How To Plan Ahead? Call Equal Justice Law Group Today!

No one can ever be completely prepared for what the future holds, but we can plan ahead to the best ability. If you’re reaching the age of retirement, it might be time to consider the possibility of assisted living sooner rather than later. By taking a few simple steps in your efforts to prepare, you can not only protect your family from future hardship but also leave your legacy intact for them when you go. 

If you’re ready to start planning, call Equal Justice Law Group today. Our Jackson assisted living lawyer, David Foyil, won’t merely draft vague documents and send you on your way. He will ensure you understand each step of the process, answer any questions you have, and provide you with peace of mind. Call Equal Justice Law Group today for a consultation.