Understanding Medicaid in North Carolina

Medicaid is a joint federal and state program designed to provide necessary health coverage to people with limited income, including some low-income adults, children, pregnant women, elderly adults, and people with disabilities. In North Carolina, the rules and requirements around Medicaid can sometimes feel complex and overwhelming. That’s where we, at Brady Cobin Law Group, PLLC, can step in to assist and guide you through this critical process.

For many families, the primary exposure to Medicaid comes when an elderly family member requires long-term care, such as an assisted living or skilled nursing facility. These facilities are costly, and an individual may not have the resources to cover the costs independently. In such cases, Medicaid can be a lifeline; however, the qualification process can be challenging, given the strict income and asset limitations.

How A Lawyer Can Help Navigate the Medicaid Landscape

As with any government program, navigating the landscape of Medicaid, especially in a state like North Carolina, can be tricky. There are complicated rules, regulations, and requirements to understand. Not meeting these standards can lead to a denial of benefits, a result no family wants to face when seeking crucial long-term care support.

Our team at Brady Cobin Law Group, PLLC can help clarify these standards, guiding you through the eligibility criteria, application process, and potential pitfalls. We can assist in strategizing how to best align your assets and income to be Medicaid eligible. Whether it’s the creation of a special needs trust or Medicaid Asset Protection Trust, smart gifting, or other legal financial moves, we can help your family make informed decisions.

Asset Protection Planning for Medicaid

Another critical aspect where we can assist is in the realm of asset protection planning. Qualifying for Medicaid often requires spending down assets to meet strict financial requirements. Our lawyers can help develop strategies that protect your assets while still maintaining Medicaid eligibility.

Asset protection planning can involve a variety of legal strategies. This could include converting countable assets into exempt assets, planning ahead with trusts, and using annuities or promissory notes for asset preservation. All these steps require an understanding of Medicaid law and its application in North Carolina. We can provide this advice, and assist you in qualifying for public benefits.

A Legal Partner in the Medicaid Process

At Brady Cobin Law Group, PLLC, we stand ready to partner with you in the Medicaid process. Our commitment is to use our legal knowledge and experience to assist you in navigating this intricate landscape. We understand the significant impact these decisions can have on your life and family, and we are here to ensure that you and your family are equipped to make the best choices.

Don’t try to navigate the Medicaid system alone. Give yourself the peace of mind that comes from having a legal advocate on your side. Call us at (919) 782-3500 or contact us online today to speak with a compassionate Raleigh and Wake Forest Medicaid planning lawyer.

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Our North Carolina estate planning and elder law attorneys are committed to honoring the life, work and charity of every individual. Call us at (919) 782-3500 or complete the form below.

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