If a Medicaid recipient’s financial situation changes in any significant way, it will impact their Medicaid eligibility. If they don’t take proactive steps to deal with their new financial situation and eligibility issues before their annual Medicaid Renewal, they could have a lapse in coverage or lose their benefits all together.

Some of the financial changes that can impact Medicaid eligibility include:

• Inheritance

• Sale of a home or vehicle

• Sale of personal property (jewelry, clothing, etc.)

• Gifts

• Increase in income

• Death of a spouse

• A significant increase in a home’s value

There are other situations specific to Medicaid where a Continuity Consultation would be helpful. For example, a Medicaid recipient’s home will not be counted towards the eligibility asset limit if the recipient files an Intent to Return home statement, but those statements have a time limit, and when that limit runs out the home will be counted, which could jeopardize eligibility and call for a Continuity Consultation.

If a loved one is already receiving Medicaid benefits, you are probably aware of the cost of long-term care, whether in a nursing home, assisted living, or even in-home care. Medicaid is likely covering most, if not all, of these current long-term care expenses, which can quickly add up to financial ruin if Medicaid assistance were to disappear suddenly. What we provide is detailed information directly from a Certified Medicaid Planner, who will be able to guide you and your family in the best possible next steps to avoid large sums in out-of-pocket ex-penses and offer asset protection strategies.

We start with a free phone consultation where we assess whether and how we can help and decide how to proceed. This call takes about 20 minutes. Next, we schedule a meeting where we review your family situation in detail with one of our Senior Benefits Advisers (who are Certified Medicaid Planners).

We then prepare a customized plan with financial strategies, information about programs, and recommendations for making the most of your new financial situation without losing Medicaid benefits for your elderly loved one. You will receive a written plan, outlining the discussed information, and providing a clear understanding of the best path forward for your family.

The plan will include:

• A clear, simple action plan on how to avoid Medicaid gap times or penalties;

• Insider tips and step-by-step instructions on how to navigate complicated bene-fits programs;

• Referrals to our network of trusted local service providers (when appropriate).

Fill out the contact form below and one of our benefits associates will be in touch soon to ar-range for a free initial consultation to determine if this service is a good fit for your situation.