FOXBOROUGH    NEEDHAM    BOSTON
PHONE:  (508) 650-1200



Medicaid Planning

Medicaid in Massachusetts is under the Mass Health Agency and is a health care assistance program for individuals in need.  Individuals in need becomes very relative to many individuals in Massachusetts when it comes to nursing home costs.  In Massachusetts nursing home costs average about $10,000 per month, making your life savings diminish very rapidly.  It is our goal to inform you about the qualifications for Medicaid for nursing home costs and help you preserve your life savings when it comes to nursing home costs.  One of the alternatives to privately paying your nursing home costs is Medicad.

Everyone should take into account that at some point in their life they may need to enter a nursing home or assisted living facility.

"Spending down" is a strategy that an elderly person can take in order to protect his or her assets and still qualify for Medicaid.  However, it requires planning in advance in order to have the most options available to him or her.There is what is called the 5-year Medicaid look-back rule.  MassHealth will deny benefits if an applicant has transferred assets to someone other than a spouse, in the 5 years leading up to their Medicaid application.  Therefore it is important that you create a plan in advance so that you are not effected by this 5 year look-back rule.

Let us assist you in creating a plan in order to preserve your life savings in the event that you will require placement in a nursing home.