What Is Medi-Cal Planning?
Medi-Cal planning involves structuring, transferring, and managing assets to help individuals meet eligibility requirements for Medi-Cal benefits. Medi-Cal offers essential coverage for medical expenses, including prescription drugs, physical therapy, in-home care, and skilled nursing facilities. Without planning, these costs can quickly deplete a person’s savings, adding stress to an already challenging time. At Hudack Law, our mission is to assist individuals in safeguarding their assets and accessing the Medi-Cal benefits they need.
How Does Medi-Cal Planning Work?
Through Medi-Cal planning, you can protect your assets while remaining eligible for benefits. Even with savings, assets, or property, you may still qualify for Medi-Cal. Since the federal rules changed in 1996, almost anyone can be eligible based on Medi-Cal’s specific criteria. Our knowledgeable team helps clients navigate the rules, ensuring compliance while creating a strategy tailored to each person or family’s goals and circumstances.
Why Is Medi-Cal Planning Important?
The rising costs of senior care can be financially overwhelming. Medi-Cal planning provides a way to preserve your life savings while securing access to medical services and long-term care. Without proper planning, individuals risk depleting their resources on healthcare costs alone. Medi-Cal planning not only ensures financial security but also peace of mind for you and your loved ones.
What Services Does Hudack Law Offer?
At Hudack Law, we provide comprehensive Medi-Cal planning services, including:
- Reviewing eligibility criteria and compliance
- Assisting with asset restructuring to meet Medi-Cal guidelines
- Guiding you through application and documentation requirements
- Advising on long-term strategies for asset protection and inheritance
Our team stays updated on annual Medi-Cal regulatory changes to ensure our clients’ strategies remain effective.
Common Mistakes to Avoid in Medi-Cal Planning
Medi-Cal regulations are complex and frequently updated. Missteps in asset transfer, for example, could lead to up to a 30-month ineligibility period. Consulting a trained professional before making any changes is crucial to avoid potential penalties.
The Importance of Consulting an Estate Planning Attorney
Working with a qualified estate planning attorney can make all the difference. Our experienced team understands Medi-Cal’s intricate rules and can guide you through every step of the application and planning process. Protecting your assets is one of the most important decisions you can make as you age, and our professionals are here to help.
Schedule a Consultation Today
If you need expert advice on Medi-Cal planning or have questions about your estate plan, visit Hudack Law Estate Planning Attorney to learn more about our services. We’re proud to serve California, Utah, and Arizona. Call our Toll-Free line at (877) 314-4309 to schedule a consultation with one of our experienced attorneys.