Your partner in Securing
MEDICAID AND VETERANS' AID & ATTENDANCE BENEFITS
Are you concerned about the rising costs of long-term care? At Prosper Financial Services, we specialize in planning for Medicaid and VA Aid & Attendance benefits, providing you with peace of mind and financial stability in the face of healthcare expenses. With our expert guidance, you can unlock the benefits available to you and offset the costs associated with in-home caregiving, assisted living, and skilled nursing without spending down your assets.
Why Choose Prosper Financial Services?
Extensive Expertise: Our team of experienced professionals understands the intricacies of Medicaid and VA Aid & Attendance programs. We stay up to date with the latest regulations and policies to ensure you receive the maximum benefits you deserve.
Tailored Solutions: We recognize that every individual has unique circumstances, and that's why we provide personalized planning services. Our experts will assess your specific needs and design a comprehensive strategy to help you secure the benefits that best suit your situation.
Simplified Process: Navigating the complexities of Medicaid and VA Aid & Attendance applications can be overwhelming. At Prosper Financial Services, we streamline the entire process, guiding you through each step and handling the paperwork on your behalf. Let us alleviate the burden, so you can focus on what truly matters—your well-being.
Cost Management: Long-term care expenses can put a strain on your finances. We work diligently to identify opportunities for cost reduction and financial optimization. Our goal is to help you make informed decisions and create a sustainable financial plan that safeguards your assets while obtaining the necessary care.
Services We Offer
Medicaid Planning:
Our team will assess your eligibility for Medicaid benefits and develop a customized plan to protect your assets and qualify for the support you need. We navigate the complex rules and regulations to ensure you receive the benefits you're entitled to.
VA Aid & Attendance Planning:
If you or your loved one is a veteran or surviving spouse of a veteran, you may be eligible for up to $3,536 in monthly VA Aid & Attendance benefits. Our experts will guide you through the planning and application process, helping you access the financial support available for long-term care services.
Comprehensive Plan Coordination:
Beyond financial planning, we understand the importance of a holistic approach to your long-term care plan. We collaborate with a network of trusted professionals, including healthcare providers, estate and elder law attorneys, CPAs, and other financial advisors, to help ensure your plan is complete.
Education and Consultation:
Prosper Financial Services believes in empowering our clients through knowledge. We offer educational resources, workshops, and complimentary consultations to ensure you understand your options and can make well-informed decisions for your future.
Secure Your Financial Future with Prosper Financial Services
Don't let the cost of long-term care jeopardize your financial security. Prosper Financial Services is here to guide you through the complexities of Medicaid and VA Aid & Attendance benefits, securing the support you need to maintain a high quality of life. Let us help you navigate the path towards financial stability and peace of mind. Contact us today for a consultation and take the first step towards a prosperous future.
Frequently Asked Questions
Can I qualify for Medicaid if I am over the asset resource limit?
With the proper steps, yes. Whether you have property, retirement accounts, or investments, there are ways to qualify for Medicaid while preserving your estate.
Is it true that if I qualify for Medicaid, the State will put a lien on my estate when I pass away?
There is a potential risk of recovery if a Medicaid applicant dies without their estate secured. This is why it is so important to address these issues with a knowledgeable professional who can help you address and prevent an estate recovery claim.
Can I qualify for Medicaid if my income is over the allowable limit?
Yes. Income is not an automatic disqualifier for Medicaid eligibility. If your income is higher than the allowable limit, the state may assign you a share of cost along with your eligibility or they may require a Qualified Income Trust (Miller Trust). Either way, you can still qualify.
Is it true that if I transfer my assets, I will receive an automatic five year penalty for Medicaid benefits?
While some states do have a five year lookback period, that does not necessarily mean that any transfer of assets will result in the five year penalty. Most of the time eligibility can be obtained in a short period of time, even if assets have been transferred.
Get In Touch
We’d love to speak with you. Our firm provides a complimentary, no obligation consultation. Please submit the form below and we will be in touch with you soon.