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Medicaid Application Preparation and Support
We guide you through every step of gathering the necessary information for your nursing home Medicaid application. The Medicaid five-year rule is a lookback requirement that not only encompasses your current accounts but also includes any accounts closed in the past five years. Navigating this process can be overwhelming and we are here to support you every step of the way. Our thorough review of your financial information ensures that any unusual transactions are properly explained and accurately documented.
Before preparing the Medicaid application, we determine which assets are countable and which are exempt. We develop spend down strategies to find opportunities to convert countable assets to exempt assets to preserve your life savings. This is referred to as the nursing home Medicaid spend down. We also review the allocation of income to make sure your spouse is protected to the extent possible. Lastly, we review large amount transaction to ensure that valid expenditures aren’t mistakenly identified by the reviewer as divestments.
The Medicaid application is prepared in a format that is clear for the reviewer. During our pre-filing preparation and analysis, all transactions that could be perceived as a penalty-causing divestment are properly documented. After filing the application, its progress is monitored and periodic updates are provided. When a Medicaid processor requires additional information from the applicant, there is a limited time frame to provide the requested information. Failure to meet this deadline can result in a denial, making continuous monitoring essential.