Medicaid is a program that could provide a variety of benefits to individuals in need of aid in covering the costs of long-term care. However, many individuals in Georgia might not be aware of what this program might offer and they may even feel that they might struggle to qualify for Medicaid benefits. Studies indicate that some individuals may even hesitate to pursue aid via similar paths due to common misconceptions about the Medicaid planning process.
Common misconceptions
One of the most prevalent misconceptions about Medicaid planning may involve the notion that this program is only available to those who are unemployed. However, this isn’t the case, as studies indicate that there are a multitude of individuals who qualify for Medicaid while employed. Those who feel that Medicaid is not necessary if they are already on Medicare may benefit from knowing that the notion that one cannot be enrolled in both programs is also a prevalent misconception.
There may also be certain misconceptions about ownership of certain assets and Medicaid eligibility. For instance, those who worry they will not be eligible for Medicaid because they own a home might find it helpful to know that similar assets might not count against asset level requirements. Addressing myths pertaining to the transfer of assets to meet asset requirements is another example of a step that may be vital to understanding one’s options.
Medicaid planning guidance
Those who remain uncertain of what Medicaid planning might offer or of whether they are eligible for aid via similar paths could benefit from seeking guidance in addressing their concerns. By speaking with an attorney, a person in Georgia could gain much-needed insight in exploring his or her options and in addressing prevalent Medicaid misconceptions. Seeking such advice could help a person better prepare to explore the options for long-term care planning and create a strategy that focuses on what is most important to his or her future.
