A Jacksonville Long-Term Care & Medicaid Planning Attorney Will Help You Plan for the Future
Growing older is not something many of us want to discuss, but it is something that we will all go through if we live long enough. Therefore, it is essential to be prepared and have a plan ensuring your ability to fund any long-term care you may need. Medicaid is the top governmental program that pays for extended care. By speaking with Jacksonville long-term care and Medicaid planning attorney Dale Dixon at Dixon Law, it is possible to plan so your long-term needs are met.
Why Is Long-Term Care Planning Needed?
You’ve worked hard and have plans for how you will fund retirement. Those plans probably include a savings account, a 401k, a retirement account, and social security. So why would you still need to engage in long-term planning?
The answer is simple. While all the traditional ways of preparing for old age are beneficial, they fail to consider some crucial factors. First, the amount of money out of pocket that it costs to live is higher than most people think, and it is growing every day. Because of this, many people are failing to account for the actual amount of money they will need.
Another reason planning assistance from a Jacksonville long-term care and Medicaid planning attorney is needed because most people underestimate the intricacies involved in obtaining the necessary help from Medicaid while having any sort of savings or source of income. It is possible, and in many cases necessary, to use strategic legal planning to protect any assets you have so that you can obtain Medicaid without having to be indigent.
What Does Medicaid Provide for Long-Term Care?
Medicaid is a combination federal and state program, which means that while there are some similarities between states, there are just as many differences. Following are some of the benefits available to citizens of the state of Florida.
Medicaid Institutional Care Program
Under the Medicaid Institutional Care Program (ICP), a family can typically choose a skilled nursing facility for their loved one, and the only cost is an amount calculated based on the resident’s income. However, obtaining assistance through the ICP does not happen automatically, and legal planning is often necessary to qualify.
Statewide Medicaid Long-Term Managed Care
The statewide Medicaid long-term managed care program assists people living in an assisted living facility or their own home. It pays for many services, such as adult day care programs, home modifications, and home health aides.
A Premier Jacksonville Long-Term Care & Medicaid Planning Attorney
It’s never too early to start planning for your future. If you want to learn more about how to best plan for the care you will need as you grow older, speak with Dale Dixon, a Jacksonville long-term care and Medicaid planning attorney at Dixon Law. He may be reached via our contact page.