Medi-Cal Eligibility: Expert Guidance is Essential
Many people are surprised to hear that Medicare will not pay for residence in an assisted living community
or a nursing home. This is a pretty bad news because simply writing a check would be painful at best, and
impossible at worst.
The cost of long-term care has been steadily skyrocketing, with a single day in a private room in a nursing
home averaging $239 in 2011. If you do the math, this factors out to over $87,200 for a year. It should be
noted that this is the national average; in Northern California you can generally expect to pay more.
Because of the stifling costs involved, many people are going to be looking for assistance, and help does
exist in the form of Medi-Cal. This federal/state program pays for long-term care expenses if you can
However, it takes careful advance planning to qualify for Medi-Cal while still retaining a significant store of
financial resources. There is an upper resource limit of $2,000, but certain possessions like your home
don't count toward this figure. Additionally, the healthy spouse can keep his or her half of community
resources up to a limit that stands at $113,640 this year.
Many people "spend down" in an effort to qualify for Medi-Cal. This involves divesting yourself of
resources in advance of applying. But, there is a "look-back" period that prohibits applicants from giving
away assets within a specified number of years of applying for the program.
Medi-Cal can be a solution for many individuals, but you must plan in advance with the benefit of expert
guidance given the intricacies of the program rules. To learn more, simply take a moment to set up an
informative consultation with a licensed, experienced San Jose elder law attorney.
Experienced estate planning attorneys Campbell CA of the Law Office of Roy W. Litherland offers estate
planning and business planning resources to residents of Campbell CA. To learn more about these free
resources, please visit www.attorneyoffice.com/ today.