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Tuesday, January 15, 2013

General Information Regarding Medicaid Planning

By Charlotte McBride


Medicaid refers to a health program in the United States that is designed for people and families that have low incomes and resources. It is funded by both state and federal governments, but states are in charge of managing their own programs. Usually this involves the implementation of a means test. This program serves adults who have low incomes, children and disabled people who are American citizens or legal residents of the country. Medicaid planning is a service that some people need in order to have access to these benefits.

Poverty is not the only qualification that must be met in order to get this type of financial aid. Medicaid is considered the biggest source for medical and health-related services for those with a low income. This program was established to be an entitlement program that aided states in offering medical coverage to low-income residents and others who fit the requirements. Basically, it serves as the main health insurance protection given to those with limited income.

Planning is needed by some people. Ideal candidates are individuals with moderate assets and incomes that have long-term care needs but are unable to use what they have to pay off all the costs. State provisions might make the process more difficult for people to receive this aid. In these cases, professional attorneys and advisors can lend their expertise and help correct the inequities keeping their clients from getting this financial support.

People may try to take advantage of planning and this program. These are the individuals who have high assets, resources and income but cheat the system in order to qualify for this government program. However, most people are not interested in taking advantage of this government help. Instead, they are unable to pay out of pocket for services needed and are frustrated with their inability to get enrolled in Medicaid.

While Medicaid Services and Congress are in charge of putting together the framework for operation, it is each state that manages its program. Eligibility guidelines are expected to differ by location. In some of these programs people will be denied coverage because the programs do not permit aid to those who do not fit within a specific eligibility group, even if the people are living at a poverty level.

There are numerous eligibility categories and each one has requirements that must be met. These rules include, but are not limited to: assets, blindness, resources and income, status as an American citizen or legal immigrant, disability, age and pregnancy. Law requires that any person seeking entrance into this program must show that they are a resident alien or legal US citizen. Exceptions are only made for Emergency Medicaid where payments are issued for disabled or pregnant individuals regardless of their immigration standing.

The professionals who handle planning may employ many different techniques. It is recommended that individuals hire professionals to do this work because they are well-versed in the program details. When planning is successful, clients are able to receive the financial support they need to cover care costs.

Some people do not need Medicaid planning. This may because they have the necessary assets and income to support them or because they have such a limited income and assets that they fit with the requirements of most programs. No matter the situation, the services are available by professionals who are determined to help people find the financial support they need.




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