Many seniors need a Medicaid planning attorney to try to protect their assets in case they require nursing home care. When you need to go into a nursing home, Medicaid likely won’t pay unless you require skilled medical services. You probably will also be unable to get any Medicare Advantage plans or private insurers to pay, since there is very little coverage for nursing home care and the coverage that is available is generally only for skilled medical services.
This means you’ll have to pay out of pocket for nursing home care unless you can qualify for Medicaid coverage. This can result in the quick spend down of assets that you have worked to acquire over your life. Although some assets are protected, much of your money and property may have to be spent or sold to pay for nursing home bills before Medicaid begins to cover the costs of care.