Medi-Cal Planning is about asset preservation. The high costs of nursing home care have been the cause of many middle-income families losing their homes and life savings. With Medi-Cal planning, those families could have preserved their major assets and could have had their nursing home bills paid for by Medi-Cal.
Medi-Cal is California’s Medicaid health care payment program. It is funded jointly by the state and federal governments. Medi-Cal  is designed to pay for the medical care of those California residents who have very limited income or resources. However, with some planning, people in the  middle-income tax brackets can qualify as well. Medi-Cal planning is complicated and often times the rules are updated each year. There are many rules governing which assets a person can keep, which assets can be transferred and to whom, and how much can be transferred at one time. If Medi-Cal Planning is done incorrectly, then it could  lead to a period of ineligibility or disqualification.  Elder Law Services of California has expert elder law attorneys available to provide you with a free consultation if you or a family member are considering  applying for Medi-Cal.
The expert  elder law attorneys at Elder Law Services of California can help you through the application process and design a plan for you that will preserve the maximum amount of your assets and income. Some accountants and financial planners will attempt to provide the same services for their clients. However, they may not know the intricacies of this area of law and are not authorized to give legal advice.  Call attorney Judd Matsunaga today at 1-800 403-6078 for a free consultation.