Compassionate Guidance from Our Tarzana Elder Law Attorneys
Medi-Cal (known as Medi-caid outside of California) provides health care
and long-term care to indigent and disabled Californians. Medi-Cal planning
is a specialized area of law that requires expertise beyond ordinary estate
planning. A common myth is that health insurance and Medicare will pay
for long-term care.
That is not true. There are only three ways to pay for long-term care: out of pocket, long-term
care insurance or Medi-Cal. Only a qualified elder law attorney can guide
you through Medi-Cal planning competently and ethically.
Learn more when you contact our Tarzana Medi-Cal planning attorneys
at Goldfarb & Luu for a complimentary initial consultation.
When Is Medi-Cal Planning Used?
Medi-Cal is oftentimes a last resort for families who cannot afford to
pay the long-term care for loved ones. Medi-Cal planning is financial
planning for those who anticipate being in this situation before they
or a family member need long-term care.
In general, there are two parts to Medi-Cal:
Eligibility - In addition to assets like a house and car, a single person is permitted
to have up $2000 cash while a married couple may have up $128,640 to become
eligible for Medi-Cal.
Recovery - After the single person dies or the surviving spouse, the state of California
will attempt to recover an amount equivalent to what it paid out for health
care and long-term care benefits.
With the proper planning, you or a loved one can become eligible for Medi-Cal
even if your assets exceed the stated amounts while avoiding or reducing recovery.
We really care about our clients and it shows. We create life-long legal
relationships that work and find solutions best suited to your and your
family’s needs. At Goldfarb & Luu, our Tarzana elder law attorneys
have helped clients qualify for Medi-Cal throughout Los Angeles, Ventura
and Orange counties.
Call our legal team today at 800.489.1984 to discuss your options.