Long Island Medicaid planning attorney Seth Schlessel (https://www.schlessellaw.com/how-to-apply-for-medicaid-on-long-island/) of Schlessel Law PLLC has released a comprehensive article titled “How To Apply for Medicaid on Long Island?” This informative piece aims to guide individuals through the intricate process of securing Medicaid benefits, emphasizing the importance of proper planning and legal guidance.
Long Island Medicaid planning attorney Seth Schlessel discusses the significance of Medicaid as a crucial federal and state program that assists individuals with limited income in affording essential healthcare services. Schlessel states, "Medicaid is the largest provider of medical and health-related funding for individuals in need, covering a wide range of services from hospital visits to long-term care." He highlights that nearly 90 million Americans, or 27% of the population, are enrolled in Medicaid as of July 2022.
The article by Long Island Medicaid planning attorney Seth Schlessel outlines the stringent eligibility criteria applicants must meet to qualify for Medicaid benefits. These requirements often necessitate applicants to spend down or transfer their assets. Schlessel points out, "With the help of an experienced Medicaid planning attorney, individuals can retain eligibility while preserving their assets." He further elaborates on how a Medicaid planning lawyer can develop strategies to mitigate the impact of the Medicaid estate recovery program on an individual's assets and their beneficiaries.
Schlessel's article provides a detailed overview of the benefits covered by New York’s Medicaid program, categorizing them into Community Medicaid, Community Medicaid with Long-Term Care, and Nursing Home Medicaid. He explains that these services encompass everything from routine medical care to long-term rehabilitation and skilled nursing services. "Medicaid's extensive coverage ensures that individuals receive the care they need, whether at home, in assisted living facilities, or nursing homes," says Schlessel.
To qualify for Medicaid on Long Island, applicants must meet specific eligibility criteria, including being a U.S. national, citizen, green card holder, or legal alien, and falling within certain age or disability categories. Additionally, applicants must pass a means test to prove their financial need. Schlessel emphasizes the importance of the Medicaid look-back period, a five-year timeframe during which the state reviews an applicant's financial transactions to ensure assets were not inappropriately transferred to qualify for benefits.
The article also sheds light on exempt assets that are not counted during the Medicaid means test. These include the applicant's primary residence (with equity below $955,000), a primary vehicle, personal effects, burial funds, 401k and IRAs in payout status, and life insurance policies with a value of $1,500. Schlessel notes, "Understanding which assets are exempt can significantly impact an applicant's eligibility and financial planning."
For those who do not initially meet Medicaid's means test, Schlessel outlines alternative strategies such as spending down assets and Medicaid planning. Spending down involves using excess resources to pay off debts or medical bills, while Medicaid planning employs estate planning measures to protect assets while qualifying for government benefits. He advises, "Careful planning is essential to avoid violating Medicaid regulations and to ensure eligibility."
The processing time for Medicaid applications typically takes 45 to 90 days, depending on whether a disability determination is required. Schlessel underscores the importance of submitting applications promptly and providing necessary documentation to avoid delays. He remarks, "Early application submission allows for better planning and addressing any potential eligibility issues in a timely manner."
Medicaid's Excess Income Program is another avenue discussed in the article. This program enables applicants with income slightly above the Medicaid threshold to still receive benefits by covering medical costs that exceed their monthly income. Schlessel explains, "The Excess Income Program can be a lifeline for individuals who need assistance but do not fully meet income requirements."
For individuals seeking Medicaid benefits on Long Island, Schlessel's article offers a thorough and accessible guide to navigating the application process and understanding the various facets of Medicaid planning. Engaging with a knowledgeable attorney can help individuals and families secure the care they need while protecting their financial interests.
About Schlessel Law PLLC:
Schlessel Law PLLC is dedicated to providing compassionate and personalized legal services in the areas of Medicaid planning, estate planning, and elder law. Led by Long Island Medicaid planning attorney Seth Schlessel, the firm is committed to helping clients navigate complex legal processes to ensure their loved ones receive the care and support they need. The firm's mission is to offer informed and supportive legal counsel, empowering clients to make decisions that best serve their families' futures.
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