Get Qualified for Medicaid with our Denver Medicaid Planning Attorney

People may need Medicaid assistance to support their care at certain times in life. A common example is someone with income or assets exceeding Medicaid’s allowable limits; however, a medical situation arises that requires short or long-term care. This could leave them spending most of their hard-earned income and assets on treatment before Medicaid assistance will be approved.

To qualify for Medicaid, an applicant’s income is subject to a certain threshold. In short, you can only make so much per month.

We work diligently with our clients to get them approved for Medicaid while safeguarding their assets.

No matter your income or assets, there are options.

Our team of Medicaid Lawyers are skilled in assisting individuals to get approved for Medicaid to be able to get the care they need.

We will always put your best interests first and treat you with the kindness and compassion you and your family deserve. If you or a loved one has concerns about long-term care planning, you are not alone.

Long-term Care Insurance

Provides coverage for personal and custodial care at home or in a nursing facility. However, such insurance is not a cure-all because individuals with pre-existing conditions may not be eligible, premiums are expensive, policies have high deductibles, and the services covered vary from insurer to insurer. It is important to work with an experienced elder law attorney so that you obtain a long-term care insurance policy that is affordable and best suits your needs.

Planning for Incapacity

Our elder law attorney is also dedicated to ensuring the needs of our clients are met if/when they become incapacitated and are unable to make decisions about their finances and healthcare. Our attorneys draw up statutory durable powers of attorney and advance medical directives, including medical powers of attorney and living wills.

Medicaid Planning

Despite being the largest payer of nursing home care in the country, Medicaid in only designed to provide medical assistance to low-income individuals and those who are 65 or older. While many elderly individuals have income and assets that exceed the eligibility threshold for Medicaid, one way to obtain such benefits is by taking advantage of irrevocable trusts.

For locals who do not meet the income requirement, one alternative is to establish a qualified income trust, commonly referred to as a Miller Trust or “QIT.” In this arrangement, any income over the threshold is transferred into the trust, which can only be used for certain limited purposes. It is important to note that there is a 5-year “lookback” period for determining Medicaid eligibility. The lookback is a set period of time prior to the individual’s application, during which the state agency that administers Medicaid reviews all the financial transactions that the applicant has made.

Moreover, a Miller Trust can only be used to hold income, not assets, in which case our legal team can help you explore other options. Some of these options include creating marital property agreements to transfer property between spouses or transferring a residence into an enhanced life estate deed (Lady Bird deed) to avoid Medicaid estate recovery.

To qualify for Medicaid, you must be a Colorado resident and considered low-income. You must also be one of the following:

• Pregnant
• Responsible for a minor 18 years or younger
• Blind
• Have a disability or a family member in your household with a disability
• Be 65 or older

You must also meet certain income requirements. In 2023, a single person’s annual household income limit is $19,392, and $39,900 for a family of four. Because of the program’s strict asset and income limits, it may be more difficult for seniors in need to receive the care they need without sacrificing their financial security.

At Hammond Law Group, our Medicaid planning attorneys can help you employ legal strategies that can help you qualify. With proper planning, you can save hundreds of thousands of dollars, allowing you to leave assets to your children while still qualifying for Medicaid.

We welcome your questions and want to understand your situation to help you move forward and achieve the peace of mind that comes with having everything done properly and efficiently. Don’t let everything you’ve worked for slip away due to a lack of proper planning. Invest the time now to learn your options by speaking with us and making the choices that best protect your legacy and wishes. Call us for one-on-one assistance at (719) 520-1474(719) 520-1474 with your questions, a description of your situation, or to schedule a consultation. You may also simply fill out the form above on this page. Your form will be directly emailed to our office. You can expect a reply within 1 business day and often within hours the same day. All information is confidential.