Medi-Cal is a health insurance program that is in place to provide a resource for financially needy individuals. The program is offered nationally, and it is called Medicaid elsewhere. Medi-Cal is important for many people who were never poor, because it will pay for a stay in a assisted living facility, and indirectly, it will pay for in-home care.
Many seniors would prefer to remain in their homes if they need help with their activities of daily living. This is understandable on a number of different levels. For one thing, nursing homes are extremely expensive, and assisted living communities are also costly. If you could remain at home while you receive in-home care, money would be saved.
Plus, there is also the human element. Most people would not want to be uprooted from their homes at any age, and this can be even more profound for senior citizens who may have become very attached to their surroundings.
Medicaid funding supports a program that is called the Home and Community-Based Services (HCBS) waiver program. If you can qualify, this program will help with your in-home care costs.
Why is it called a waiver program? There are strict income and asset limits that cover Medicaid/Medi-Cal eligibility, because after all, it is a program that is intended for people with financial need. In spite of this, Medicaid pays for most of the long-term care that is received by seniors. People typically give assets to their loved ones before they apply.
If seniors who would have used Medicaid to pay for nursing home care receive in-home care instead, less money goes out, so the restrictions are eased or waived when someone applies for the Home and Community-Based Services program.
Nursing Home Asset Protection
While some people can get by with in-home care, there are many who simply need care that they cannot receive in their homes. For this reason, you should have a thorough understanding of Medi-Cal and nursing home asset protection.
If you would like to access a sound informational resource free of charge, download our special report on the topic. This report will simplify a rather complicated subject, and you can obtain access quickly and easily through this website.
To get your copy of the report, click this link and follow the simple instructions: Free Medi-Cal Planning Report.
Elder Law Consultation
You should certainly brace yourself for assisted living costs when you are creating a long-term financial plan. Our firm can assist you if you would like to create a plan that addresses the eventualities of aging as you simultaneously craft a suitable legacy.
To set up an appointment, send us a message through our contact page: Sacramento CA Elder Law Attorneys.