Eligibility for a Medicaid Trust In NY

What is Medicaid?

Medicaid is a health insurance program for individuals who are unable to afford insurance or long-term care insurance. Home care and nursing home facilities often both accept Medicaid and is an important part of elder planning. There are income and asset limits to qualify for Medicaid but our team of Medicaid lawyers in NY focuses on helping our clients in New York to qualify.

How Do I Apply for Medicaid?

The application process is not short nor easy and that is why it is advisable to work with an experienced NY lawyer. We will work together to apply at the local Medicaid office so you can get benefits for a doctor or hospital visits, nursing home care or home care.

Can Medicaid Take Away My Home?

Medicaid is permitted to put a lien on your home or your estate. This is if you own your own home and have not planned properly in advance. Our Medicaid law office helps to protect your home and allows you to continue to receive Medicaid benefits.

What is a Special Needs Trust?

First Party Special Needs Trust

Social Security or Medicaid recipients fund a first part SNT with their own funds

Third Party Special Needs Trust

A third-party SNT is set up and funded by someone else for the recipient.

Either one can allow you to keep government and Medicaid benefits and continue to live with dignity.

What is a Pooled Income Trust?

A pooled income trust is a specific type of Supplemental Needs Trust operated on behalf of others. In NY there are many kinds with different qualifications but they can help you if you have an income over the maximum amount, about $860, and still receive Medicaid.

Get a free consultation with the local estate planning experts at:

Roman Aminov Esq. Estate, Probate & Elder Law of Queens 147-17 Union Tpke, Queens, NY 11367 (347) 766-2685 https://www.aminovlaw.com/

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