Medicaid Planning

WHAT IS MEDICAID PLANNING? Medicaid planning involves the structuring of financial resources and movement of assets in order to qualify for Medicaid.

WHO NEEDS MEDICAID PLANNING? The following individuals may benefit from Medicaid planning:

  • Senior citizens who are considering nursing home care either now or in the future.  With few exceptions, Medicare will not pay for long term care; thus Medicaid is required for those considering such care.
  • Any individual that is considering applying for Medicaid and has assets or income exceeding the allowable limits.
  • Any individual that is physically or mentally disabled or a family member upon whom such disabled individual depends.

WHAT ARE THE OPTIONS FOR MEDICAID PLANNING?  Medicaid planning should be discussed with an attorney, but generally the following options are considered:

  • Transferring of disallowed assets to family members,
  • Setting up a Medicaid Trust for disallowed assets,
  • Setting up a Qualified Income Trust for disallowed income,
  • Setting up a special needs Trust for those with physical or mental incapacity.

HOW CAN I QUALIFY FOR MEDICAID? In order to qualify for Medicaid, an individual must meet the following criteria:

  • Limitation of assets an individual can own,
  • Limitation on income an individual can have,
  • When transferring assets, must comply with the five year look-back period.

Our attorneys can help you navigate the confusing statutory requirements of medicaid eligibility.  Depending on your particular situation, our Medicaid Planning package will cost anywhere between $3,000 and $5,000.

Feel free to to contact us today for a free consultation.

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Brooklyn Office°

2620 E. 18th Street, Suite 2
Brooklyn, NY 11235
(718) 989-9629

Bronx Office*

2010 Williamsbridge Rd.
Bronx, NY 10461
(347) 923-3880

Dutchess Office*

42 Catherine Street
Poughkeepsie, NY 12601
(845) 208-9238

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222 Broadway, 19th Floor
New York, NY 10007
(212) 365-0934

Manhattan (Harlem)*

8 W 126th Street
New York, NY 10027
(212) 365-0934

Nassau Office*

225 Franklin Avenue, Suite 325
Great Neck, NY 11021
(516) 558-0045

Putnam Office*

Use Rockland, Dutchess or
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Queens Office*

3537 36th Street
Astoria, NY 11106
(718) 554-5652

Rockland Office*

3 E Evergreen Road
New City, NY 10956
(845) 208-9238

Staten Island Office*

307 Sand Lane
Staten Island, NY 10305
(718) 554-5687

Suffolk Office*

445 Broad Hollow Rd., Suite 25
Melville, NY 11747
(631) 306-0057

Westchester Office*

199 Main Street, 4th Floor
White Plains, NY 10601
(914) 274-2045

Essex Office*

16 Orange Street
Bloomfield, NJ 07003
(732) 474-6410


° Principal Office
* By Appointment Only

Monmouth Office*

50 US Highway 9 North 125
Morganville, NJ 07751
(732) 474-6410