I Don't Have To Get Rid Of Everything?
Although you have have planned and saved to meet your long term personal care and/or health care needs, things happen. The costs of such care can be eaten up more quickly than you imagined and you find yourself needing Medi-Cal benefits. Medi-Cal is a combined federal and state program designed to help pay for medical care for public assistance recipients and other low income people. The long term care benefit is available to people who pass a rigorous means test. Most people believe they must get rid of everything before they can be eligible for Medi-Cal benefits. This is not so! With early planning, you can create an estate plan that allows you to become eligible for Medi-Cal Long Term Care benefits without having to first "spend-down" all your assets.
Additionally, the State of California has a process for recovering the cost of providing services for people receiving Medi-Cal Long Term Care Benefits. If eligible, the personal residence and other assets of the person receiving those benefits may be subject to lien (Estate Recovery Lien) after their death. Certain exemptions are available, as are legal planning strategies to reduce or eliminate the effect of this lien. You can also create an estate plan that allows you to pass on your estate assets to your loved ones without having to repay the Medi-Cal Estate Recovery lien.
Contact Jones Torru Law Offices to meet and discuss how Medi-Cal planning can help you in becoming eligible for Medi-Cal benefits and/or to avoid repayment of a lien after your death.