Estate planning and elder law attorney Dennis Toman, founder of The Elderlaw Firm in Greensboro, NC. mentions that a majority of the US population have misconceptions that stop them from legally claiming Medicaid For more information please visit https://www.elderlawfirm.com
Greensboro, NC, United States - February 28, 2021 /MM-REB/ —
A majority of the US population could be laboring under several misconceptions that stop them from legally claiming Medicaid, revealed estate planning and elder law attorney Dennis Toman, founder of The Elderlaw Firm in Greensboro, NC.
For more information please visit https://www.elderlawfirm.com
He outlined a number of myths that needed to be exposed regarding how people qualify for institutional Medicaid. Common misconceptions include having too many assets disqualify a person from Medicaid, and that those who are denied Medicaid are not eligible if they reapply.
Toman was quick to assert one element, “Paying for elder care, such as nursing home care costs, can quickly drain resources, and drastically reduce a person’s quality of life. Medicaid is there to help lift this burden off their shoulders by covering most or all of these costs.”
He pointed out that clients can protect their assets and qualify for Medicaid at the same time. It’s possible to be eligible for Medicaid benefits, but only if they plan for it.
“People also wrongly assume that being rejected for Medicaid is similar to being denied a bank loan, and they can’t reapply again.” Reasons why an application can be denied, are having too many assets, incorrect or missing paperwork or information, or spouse-related issues.
He elaborated: “Those who are thinking of applying for Medicaid should seek out an experienced elder law attorney or estate planning lawyer for guidance. They can use various legal strategies to get an application approved.”
“By using these strategies, you can maintain a certain quality of life while continuing to live off any converted assets or income, and give your family peace of mind that your finances are in order.”
He concluded: “If you’re unsure whether you qualify for Medicaid, consult an elder law attorney, sooner rather than later, so you can get advice on your situation and plan accordingly.”
Source: http://RecommendedExperts.biz
Contact Info:
Name: Dennis Toman
Email: Send Email
Organization: The Elderlaw Firm
Address: 403 W Fisher Ave, Greensboro, NC 27401
Phone: 336-378-1122
Website: https://www.elderlawfirm.com
Source: MM-REB
Release ID: 88998405
