If you are like many of our clients, you may have been given some false information about Medicaid help for long-term care issues. Here is a list of some of the common Medicaid myths we see in our office:
Myth: Only substandard nursing homes participate in Medicaid.
Myth: Only one half of the value of a joint asset counts toward Medicaid eligibility.
Myth: I can give away $14,000.00 per person per year and still be eligible for Medicaid.
Myth: If I am receiving Medicaid, my quality of care will be lower.
Myth: If my spouse or I go into a nursing home on Medicaid, the state will take my home.
Myth: If I buy an annuity, I will qualify for Medicaid.
Myth: The rules that apply to your friend will also apply to you.
Myth: Once you are in a nursing home it is too late to start Florida Medicaid planning.
The Truth: Planning as you grow older is a complicated and stressful process, particularly when Medicaid is involved. Elder law attorneys specialize in helping families with this complex area of the law. Please don’t plan your future based on false information.