The LTC Medi-Cal Preparation Plan
This service is for those individuals and couples that are concerned about planning for future long term care costs, but who can't purchase a comprehensive LTC insurance policy because of health or financial reasons.
If you are in this circumstance then you could be said to be ‘flying without a net', yet you may have the perception that Medi-Cal will be your fall-back safety net. That might be true, if you meet the stringent eligibility requirements.
The LTC Preparation Plan is a process in which your individual situation is evaluated, then a plan is created that tries to ensure your qualification for future eligibility while allowing you to retain the independence you want.
The LTC Preparation Plan is a plan to ensure your future eligibility.
Some of the steps we take:
- Collect financial, health insurance and legal documents
- Evaluate current status versus future expectations
- Integrate financial, legal, insurance, taxes and long term care issues into a comprehensive framework
- Clarify Medi-Cal recovery issues
- Devise a financial time-line and create a written plan to make changes
- Assist you in achieving the benchmarks set forth in the plan
- Document and Archive the information in anticipation of the future needs
- Track the implementation of the DRA regulations which will impact your future eligibility
* Remember, with the new DRA regulations mandating a 60-month look back (soon to be adopted), the choices and actions you take now will determine future eligibility. Don't make vital transfer or property resource errors that will prevent benefits from being granted.
