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The Importance of Kansas Medicaid Planning

Medicaid asset protection aims to preserve a lifetime of savings from the high cost of nursing homes and long-term care. Think about this for a minute. Do you want to spend all the money that you’ve saved throughout your life on nursing home care? Or would you instead provide those assets to your family?

If you don’t take steps to protect assets from Medicaid and nursing homes, you won’t have any choice in the matter.

What are the Medicaid Eligibility Requirements in Kansas?

To receive Medicaid benefits in Kansas, you or a loved one must meet eligibility requirements. To qualify for benefits, you must:

  • Be over the age of 64; or
  • Be blind or disabled; or
  • Have a child, parent, or spouse in your household who is blind or disabled

Without the assistance of Medicaid coverage, you or a loved one will be held financially responsible for the monthly care costs. Our Wichita law practice can help you or a loved one protect your savings from being spent down on the high costs of elderly care in Sedgwick County and surrounding Kansas areas.

Why is it Vital to Work with a Kansas Medicaid Planning Attorney?

Many of our clients (and most people) believe they’ll never need nursing home care. Some assume that if they do, the government will pay the costs. The sad truth is that long-term care is a reality we need to face. As each year goes by, we become more and more likely to need skilled medical care. Advances in medicine have allowed more complex medical services to be provided at home. But some situations need round-the-clock attention in well-staffed and equipped facilities.

Care from these facilities in Kansas can cost more than $80,000 per year. Private rooms can top $100,000. What’s shocking is that you will have to pay these costs privately out of your income and assets unless you have adequately planned to protect assets from having to be spent down.

Kansas Annual Median Cost of Care (2020)

IN-HOME CARE COMMUNITY/ASSISTED LIVING NURSING HOME FACILITY
Homemaker Services $49,764 Adult Day Health Care $20,800 Semi-Private Room $80,300
Home Health Aide $50,336 Assisted Living Facility $61,080 Private Room $84,315

Resource: https://www.genworth.com/aging-and-you/finances/cost-of-care.html

Larson & Brown, PA has helped many clients understand Medicaid and created unique plans to save our clients’ life savings from being spent on long-term care. Our Wichita law firm can help you or a loved one craft a legal plan that prevents or minimizes the need to spend down on your assets before qualifying for Medicaid.

Larson & Brown, PA is here to help you and your loved ones understand Estate Planning, Wills & TrustsProbate & Trust Administration, Medicaid Planning, Veterans Planning, and Farm and Ranch Planning.  Our Wichita, Kansas law firm welcomes the opportunity to consult with clients in Wichita and surrounding Kansas areas to learn more about how we can help meet your Medicaid planning needs.

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