3 Ways to Qualify for Medi-Cal by Spending Down | Encino Elder Attorney

Qualifying for Medi-Cal benefits can be difficult if applicants own too many assets because Medi-Cal is a needs-based program. Additionally, there is often a look back period on any asset transfers that could disqualify applicants from receiving benefits. However, there are ways to reduce assets through a qualified spend down to ensure you receive Medi-Cal benefits, typically in the form of purchases. These purchases should be made with the guidance of an experienced Encino elder law attorney to make sure they will not serve as means for disqualification.

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Medi-Cal Planning with Annuities

The prospect of your spouse entering a nursing home for long-term care can be daunting, especially with all of the logistical issues and care coordination concerns that accompany such a move. Financial planning for Medi-Cal eligibility can add more stress, since there are strict asset and income limits that must be adhered to by both the spouse in need of care and the healthy spouse, otherwise known as the well spouse, in order to receive the benefits. One way couples plan for Medi-Cal eligibility is through the use of annuities.

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