Medicaid Planning in
Brookfield, Wisconsin

Medicaid Planning

In 1965, Medicaid was started to provide low-income US residents with health-related services.

The program is designed for people of all ages to assist with healthcare costs, including short- and long-term stays in healthcare facilities. 

Medicaid planning in Wisconsin is usually most beneficial for people with high-cost medical needs, and can be especially helpful for those requiring long-term care.

Medicaid is a government program that can help cover the cost of long-term care, but to qualify, the individual and his or her spouse must meet certain income and asset restrictions.

Due to the rising cost of long-term care in Wisconsin, planning for Medicaid qualification often becomes crucial for individuals with long-term care needs and their family members.

Medicaid Planning can be done years in advance or when an individual develops a long-term care need. Typically, an individual planning in advance will have more options to protect assets.

There are many different ways to protect assets and to qualify for Medicaid for long-term care in Wisconsin. Medicaid planning is complex.

Thus, we strongly recommend speaking with an attorney who specializes in Medicaid, estate planning, and special needs planning to develop a customized plan to address your specific needs while considering your individual circumstances and goals.

There are many reasons for families engaging in Medicaid Planning:

• Long term care is expensive, and many families can’t afford to pay the hefty cost of nursing homes.
• Families want to make sure that their loved ones get the best possible care, and the care should not be compromised because of money.
• Families often seek the help of a qualified attorney because Medicaid eligibility is highly complex and minor planning errors can pose the risk of Medicaid ineligibility.
• Medicaid planning can be part of a great estate planning to allow for Medicaid eligibility alongside probate avoidance and asset protection for beneficiaries.
• Medicaid planning can allow the spouse who lives at home to continue to use their financial resources to continue living independently when one spouse experiences a long-term care need.
• Medicaid Planning can be necessary to preserve the family’s assets and to ensure that the next generation can live comfortably.

How a Medicare attorney proves beneficial in Medicaid planning?

At Elder Law Center of Wisconsin, we understand Wisconsin’s Medicaid eligibility rules and timelines to help you and/or your spouse protect your home and other assets in the event one or both of you experience a long-term care need.

Whether you or a loved one is currently experiencing a long-term care need, or whether you wish to be proactive to plan for a potential future long-term care need, we are happy to offer you a complimentary consultation to discuss how we can assist you with proper Medicaid planning.

The Medicare attorney helps you in the following ways:

Saves You Money

The cost of long-term care in Wisconsin is rising. Currently, the cost of long-term care at an assisted living or memory care facility is often between $6,000-$11,000 per month and the monthly cost is generally about $11,000-$20,000 per month for long-term care at a skilled nursing facility. These costs often vary by region, facility, and care level.

Qualifying and enrolling in Medicaid can help cover or reduce the cost of long-term care at these facilities. To determine whether you or your loved one meets current Medicaid eligibility guidelines, contact us today to schedule a consultation with one of our attorneys.

High Acceptance Rate

When you hire a Wisconsin attorney who specialized in Medicaid planning, the chances of acceptance into the Wisconsin Medicaid program rise.

Our attorneys can analyze your unique circumstances and recommend a customized plan to make the complicated process of Medicaid planning simple for you.

No Conflict Of Interest

Sometimes employees of organizations with loyalties to those organizations provide advice which best benefits that organization as opposed to focusing on how to best benefit the individual with long-term care needs.

Our motive at Elder Law Center of Wisconsin is simple. Our goal is help our clients reduce unnecessary risk and to protect assets to a reasonable and lawful degree through carefully designed estate and long-term care planning strategies.

Preserve the Family Assets

As we know, the cost of long-term care can be very high. Many times, families are told they have to spend down all of their assets to afford long-term care and to become eligible for Medicaid. 

However, at Elder Law Center of Wisconsin, we help clients safeguard their assets and protect their families’ financial future while maintaining compliance with state and federal law.