Medicaid was originally signed into law by President Johnson in 1965 alongside Medicare. However, this program’s coverage applicability is limited to low income Americans of all ages.
It covers Americans who have incomes that are up to 138% of what is defined as the federal poverty level. There are a broad range of different health care costs and services that are covered by Medicaid, including regular physician services, nursing home costs, specific health care, in-patient and out-patient treatments, family planning, maternal services, nursing practitioner and pediatric practitioner costs, and rural health care clinic costs.
The primary distinction between Medicaid and Medicare as it relates to elder law planning has to do with who is likely to pick up the tab in the event that you need a nursing home. Many people believe that Medicare will cover all of these expenses, but that information is incorrect.
A consultation with an elder law attorney can help you to better understand the different rights and responsibilities you have under Medicaid or Medicare. You might not be able to immediately qualify for Medicaid, which is why advanced planning with the support of an elder law attorney in Pasadena is so important.
An elder law attorney can walk you through the process of qualifying under the law and setting up a plan to ensure that the assets you have worked so hard to build remain protected as much as possible should you or your loved one need nursing home care.