Platinum Benefit Services, Inc.

To be very bold, the answer is yes, you will.Long Term Care Medicaid operates on 2 simple rules regarding finances.1)            You must be under $2,829 of GROSS COUNTABLE Income (in 2024).2)            You must be under $2,000 of GROSS COUNTABLE Assets (in 2024) as a single person or $154,140 for a couple.The key word is COUNTABLE. Countable INCOME There is only one way to reduce COUNTABLE income and that is to establish what is called a Qualified Income Trust which artificially reduces COUNTABLE income by the amount of income you deposit in the trust. For example, if gross countable income is $3,192 and you deposit $500 of income into the QIT account then Medicaid only counts $2,692 ($3192 - $500 = $2,692) which is $200 below the limit of $2,892. Therefore, qualification is allowed despite what was previously considered excessive income. Countable ASSETS There are many ways to convert countable assets into NON-COUNTABLE assets, and/or expend them using qualified expenditures, and/or transfer them using qualified transfers. In fact, there are more than 30 ways of rearranging excess countable assets and an almost endless combination of ways. The possibilities are so numerous it is simply not feasible to provide the information here. Suffice it to say that even multi-millionaires can qualify for Long Term Care Medicaid. What is the HCBS Waiver Program (Home Health Care or Assisted Living)? The HCBS Waiver Program, short for Home and Community Based Services Waiver Program, is designed for individuals needing financial assistance for home health care, adult day care, or an assisted living facility.When applying for Medicaid assistance for traditional skilled nursing, the patient needs only to file the application, whereas a patient seeking financial assistance for in-home care, or an assisted living must undergo a more complicated process. Process for In-Home Health Care and Assisted Living An individual seeking Medicaid assistance for in-home care or an assisted living facility must schedule a screening call with the geographically appropriate Aging and Disability Resource Center for placement on the waitlist. The waitlist utilizes a needs-based ranking, with scores from 1-5. A ranking of 1 indicates a "low" need, while a 5 indicates a "high" need. The higher the need, the more likely an individual is to be placed on the waitlist AND ALSO called off the waitlist quickly. Once the patient is called off the waitlist, he or she may then apply for Medicaid. Upon approval for Medicaid, he or she must then enroll in a managed care program and long-term care program. Medicaid benefits will only begin the first day of the month following the month in which Medicaid eligibility is approved, and the patient is enrolled in both a managed care program, as well as a long-term care program. How to Bypass the Waitlist for HCBS Waiver Services It is possible to bypass the waitlist if, a patient:1) Is in a skilled nursing facility.2) Has already been approved for long-term care Medicaid.3) Is enrolled in a managed care program and wishes to discharge home or to an assisted living facility.4) The Medicaid long-term care recipient is evaluated by the managed care company to determine their ability to transition home or to an assisted living facility. If determined that the applicant is eligible to transition, he or she may do so without undergoing the waitlist process.Medicaid eligibility will follow the recipient to any new long-term care arrangements where care is needed. Form 2515 must be filed by the managed care company.How Platinum Benefit Services Can Help It should be clear that this process is complex. While an applicant can attempt this process alone or can have the appropriate Aging and Disability Resource Center attempt to navigate it on behalf of the family, Platinum's HCBS Success Escalation Service provides a meaningful difference with a substantial increase in the likelihood of success. An applicant/legal representative in crisis can easily become overwhelmed when attempting to navigate the intricacies of the waitlist process. Further, Florida's Aging and Disability Resource Centers are notorious for mismanaging the process. Using Platinum Benefit Services is a game changer. When working with Platinum and enrolling in our HCBS Success Escalation Program, Platinum will provide you with the information, training, and services necessary to maximize the chances you or your loved one is placed on the waitlist with a high ranking AND ALSO selected off the list quickly. The fee for the program is just $500 and is worth every penny! If you choose to hire platinum to process the medicaid application in advance of contacting the ADRC the $500 fee is waived. Free Instructions For Getting On The HCBS Waitlist By accessing the site below, Platinum will provide FREE OF CHARGE to you, a video that explains the HCBS Waiver program and how you can get on the waitlist without assistance and FREE. https://waitlist.platbenservices.com/waitlistAt the end of the video, if you choose to get help, the video will explain how you can enroll in Platinum's HCBS Success Escalation Program, as well as, a video that explains how to "ace the test" when answering interview/screening questions. This second video will teach you how to answer the questions honestly, in a way that maximizes the likelihood of being placed on the waitlist, with a high ranking. Platinum even provides a list of the questions that will be asked!Platinum's HCBS Success Escalation ProgramOur automated system will enroll you with the proper ADRC, which starts the benefit approval process. Platinum will confirm with the appropriate ADRC that the patient's name has been submitted and that a screening call has been scheduled. Platinum will then check in once a week with the ADRC to track the status of the patient's selection from the waitlist. Further, we will also follow up to confirm that you are aware the call is scheduled, and we will confirm the date and time. Once the potential applicant is called off the waitlist, a form 1823 will be provided to you that needs to be completed by your doctor and provided to the ADRC along with supporting documentation. The 1823 must be properly completed and signed by your doctor or a nurse practitioner. Platinum will track this form as it is passed 4 times, to 3 government agencies, and confirm proper distribution and receipt. You will then have the option to hire Platinum to complete the Medicaid application process on your behalf While you can file on your own, or have the ADRC file for you, there are potential problems beyond belief Dealing with The Department of Children and Families (Medicaid) has become the epitome of a bureaucratic nightmare. Platinum Success for Families Over more than 26 years Platinum has obtained 14,000+ Medicaid approvals in the State of Florida alone. We'll help you obtain approval as well. If you decide to go it on your own, no hard feelings, we truly wish you the very best! Qualifying financially, regardless of assets or income is the easy part! What's hard is being selected off the waitlist and then navigating DCF during the application process. Let's get you enrolled in the "HCBS Success Escalation Program" by contacting Platinum at 1-800-582-1934, pressing O and say, "I would like to sign up for the Success Escalation Program". We look forward to working with you!Call us at 1-800-582-1934 or go to https://waitlist.platbenservices.com/waitlistASK FOR :Hilary Hayes, CSA Certified Senior Advisor Serving Collier, Lee, Charlotte Glades, Hendry & MonroeNothing in this document or other information, in whatever format provided by Platinum Benefit Services, Inc, is legal advice. If legal advice is needed, please contact a competent and properly licensed attorney. If you would like a referral to an attorney, please contact our office at 1-800-582-1934 

Elders need more attention and care compared to others. The healthcare cost has skyrocketed, and it has become a financial burden on the individuals who want to avail of it. In such conditions, Medicaid for nursing home care becomes the best option for seniors to access the vital support they require.What is Medicaid for Nursing Home Care?Medicaid is a joint program by federal and state governments that offers healthcare coverage to elders incapable of taking financial burdens. Regarding long-term care, this care program is the best assistance for people who need round-the-clock care due to chronic illnesses, age-related conditions, and disabilities.Eligibility Criteria:Eligibility depends on both health and financial criteria. Medical eligibility requires the applicants to prove the requirement for nursing home-level care as prescribed by the healthcare professional. Financial eligibility is determined by income, and asset limits, which can vary from state to state. Medicaid for nursing home care is planned for low-income individuals. Protecting Assets While Qualifying for the Medicaid:A common concern among seniors and their families is protecting their assets while qualifying for Medicaid. It comes with strict rules and regulations regarding assets, and individuals who exceed these limits can be denied to avail of the benefits, and sometimes, it attracts penalties. However, several legal strategies, like asset transfers and trusts, can be initiated to protect the assets while meeting the Medicaid requirements. In such conditions, hiring an elderly law attorney would be a great solution to this issue. They have the required expertise and experience to handle such issues.Benefits of Medicaid for Nursing Home Care:Medicaid provides comprehensive coverage for nursing home care, ensuring elders receive the necessary healthcare service to meet their healthcare needs. Not all nursing homes comply with this service. Instead, only Medicaid-certified nursing homes that meet specific quality standards offer this care to the residents. The coverage includes room and board, nursing, medical care, personal care, medication management, therapy services, and more. By accessing Medicaid for nursing home care, elders can receive the essential support they need to maintain their health and quality of life.Conclusion:Medicaid for nursing home care is a vital support system for seniors needing long-term care services. Meeting the eligibility criteria, protecting the assets, and navigating the application process are vital steps in accessing this service. By availing of this service, seniors can secure the financial assistance required to afford quality nursing home care.

Your family's well-being and financial security is important, so the government has designed the Medicaid plan to help people from less favorable economical households. Understanding the intricacies of Medicaid planning for families is crucial. As medical expenses have been rising, understanding Medicaid and its regulations and benefits will help you. In this blog post, we shall discuss five essential things you must know about Medicaid and highlight the importance of Medicaid planning for families.Understand the Basics of Medicaid Planning for Families:Medicaid is a US government program that includes healthcare coverage for residents and their families with limited income and resources. It is planned assistance to make sure that the vulnerable population can access essential medical services, long-term care, and monetary support.Eligibility Criteria:You must meet specific income and asset thresholds to qualify for the programs. Knowing these requirements and how they can influence your eligibility is the key to successfully attaining the Medicaid scheme for your family's financial well-being.How you can Protect Your Assets with Medicaid Planning for Families:Medicaid planning can help you protect your hard-earned wealth. There are many legal strategies through which families can safeguard their assets as they qualify for Medicaid benefits. With expert guidance and proper Medicaid planning for families, you can avail medical assistance for older people and their long-term care and pass on money to the next generation. Hiring an Expert can Help you Navigate the Medicaid Application Process:The application process is complex and time-consuming. And if you miss out on valuable information, you might get rejected. You must have knowledge about the deadlines and pitfalls to successfully apply. It is a tiresome process and so it is advised to hire an expert who has successfully dealt with Medicaid planning for families. They can streamline the entire process and avoid any mistakes.Medicaid planning involves several legal and financial matters that have to be considered. Working with a qualified Medicaid planning attorney can help you with guidance so that you can make informed decisions and maximize the benefits available to your family.Over to You:Medicaid planning for families is an essential help that secures healthcare coverage and protects the financial assets of vulnerable populations. When you hire an expert, you get a professional friend who understands your situation and can guide you best. Platinum Benefit Services has been doing it for decades to become a Florida's trusted Medicaid service provider.

Medicaid planning is a strategy that can safeguard the future of senior citizens. This is a complex process, and it needs thorough consideration of various factors to ensure maximum benefits. Here is a list of 6 essential factors to remember during Medicaid planning for senior citizens.Eligibility Criteria:One has to meet certain parameters to avail of the benefits of Medicaid. Therefore, it is important to understand this requirement before proceeding with Medicaid planning for senior citizens. The income limits can be varied by state. The asset limits also vary, and assets like cash, investments, and property are considered.Asset Protection:Protecting the assets while availing the Medicaid benefits is also an important consideration that the applicant has to consider. Experienced attorneys implement various strategies like altering countable assets to exempt assets to protect the applicant's interest. Sometimes, prepaid funeral plans and particular annuities can also be used to protect assets during Medicaid planning for senior citizens.Lookback Period:Medicaid has a certain "lookback period." During this time, if any assets get transferred, they will be reviewed. Though this lookback period varies by state, it typically lasts five years. If the asset transfer has occurred during this period for less than the market value, then Medicaid may penalize that individual. Planning accordingly and avoiding improper asset transfers during this period is crucial in such conditions.Income Planning:Applicants with more than the Medicaid income limit must establish Miller Trust to get Medicaid benefits. This trust helps to deposit the excess income and use the money for future medical expenses. However, before going ahead, it is crucial to understand the specific rule associated with creating and managing trust.Long-Term Care Planning:Medicaid covers long-term care services that seniors require. This service can be availed at a nursing home or in the home. While considering Medicaid service, it is important to consider which specific care the senior needs and whether they can align with the Medicaid coverage in that state.Estate Planning:Estate planning is part of Medicaid planning. It mainly focuses on meeting the senior's wishes while maximizing Medicaid benefits. This planning phase involves creating a will, establishing trusts, or drafting power of attorney. Estate planning helps to protect assets from unwanted heirs.Conclusion:Medicaid planning for senior citizens is complex, and many rules and regulations are involved. Understanding the eligibility criteria, and other aspects is crucial for maximum benefit. Therefore, hiring any senior citizen attorney to handle this process is recommended. We at Platinum Services can guide and assist you in your Medicaid planning.

An estate planning attorney plays a crucial role in helping individuals and their families to navigate the complexities of Medicaid and maximizes their eligibility for Medicaid benefits. Since estate planning attorney in Florida primarily focus on asset distribution and planning for incapacity, it can also involve Medicaid planning in several ways. This post will let you know how an estate planning attorney can help to avail of Medicaid benefits.Protection of the Assets:Medicaid comes with strict asset limits that people must meet to qualify for its benefits. In such conditions, an estate planning attorney in Florida can employ different strategies to protect assets while ensuring Medicaid eligibility. These strategies include irrevocable trusts where the assets are transferred and managed by the trustee on behalf of the individual. When the assets are strategically structured, the individuals can preserve their wealth for the next generation.Planning Trust:Trusts can play a powerful role in Medicaid planning. An estate planning attorney in Florida establishes special needs trusts or supplemental needs trusts that allow individuals to set aside funds to benefit their elderly loved ones without hampering their Medicaid eligibility. These trusts can ensure a higher quality of life while not exploiting their assets.Medicaid Asset Spend-Down:If someone's assets exceed Medicaid's asset limits, the attorney can help with the spend-down plan. They know various ways to spend excess assets, like paying off debts, making home improvements, or prepaying funeral expenses, ensuring compliance with the Medicaid rules. When the assets get reduced drastically, the individuals can get long-term care as Medicaid benefits.Assistance in Filling up the Application:Applying for Medicaid is a time-consuming and laborious effort. In such cases, an estate planning attorney can guide the individuals through the application process, ensuring all the necessary documents are gathered and completed.Conclusion:Hiring an estate planning attorney in Florida comes with several benefits. They are professionals with the necessary knowledge and skill to offer maximum benefits to Medicaid applicants.Platinum Benefit Services offers expert estate planning solutions to Medicaid applicants. So, if you are interested in the service, you can contact this company now.  

We all work hard all our lives to plan for our future. We put money aside today so we can enjoy a more comfortable tomorrow. A good way to help guard your savings and assets from the long-term care expenses of your future is to look into the purchase of a Long-Term Care insurance policy.According to the American Association of Long-Term Care Insurance, women are especially vulnerable because in general, they will live longer about 5 years longer than men. Women have 10 times the chance of reaching age 85. Women 75+ are far less likely to be married (38%) than men (74%). Women over 65 are twice as likely to be living alone. Tragically, women are far more likely to suffer from Alzheimers Disease.Aside from those statistics, women are more likely to be caregivers. Today, 7 of 10 unpaid caregivers are women. Most of them balance caregiving with jobs and families. The fact is that more women will reach an age where they will be the recipients of long-term care.According to a Genworth Financial 2008 claimant study, 41% of the claims paid were single women, and 25% were married. The percentage of claims paid for women was 65% and for men 35%. The percentage of claims paid for Home Care was 42%, Assisted Living 27.5% and Nursing Home 30.5%. And once again, 65% of the claim benefits paid by insurers are paid for care required by women.Interesting enough, there is no difference in the cost for Long-Term Care insurance premiums between men and women. So be sure to consider that fact when you are a couple purchasing LTC Insurance together. When possible, couples should always try to insure both parties. AALTCI research analysis shows that it is best to purchase this insurance as young as possible. The current chart shows applicants who were declined forhealth reasons:Age of Applicant % DeclinedUnder 50 7.3%50 to 59 13.9%60 - 69 22.9%70-79 44.8%80 and over 69.8%There are tremendous savings of premium when you buy early as opposed to waiting until you are older. Health and age are very important to that savings. That combined with the declination rates points strongly to acting early. Lock in your good health and lower rates when you can.Enjoy more choices like the ability to be cared for in your own home. Having insurance affords you those choices and lessens your familys financial burden. It helps families to oversee your care but not necessarily provide the care. As I always say, planning ahead is always the best option.

Aid and Attendance benefit is a VA pension perk that is frequently underutilized. Let's examine the program's benefits, who is eligible for it and how the aid improves life. Let's learn the details about the valuable aid designed for those who served the nation. An Overview of the Aid and Attendance Benefit:The VA benefit helps the eligible veterans and their surviving spouses with monthly cash benefits based on their income and net worth. The benefit helps cover long-term care costs, like in-home assistance or nursing home care.Who's Eligible, and What's the Process?To apply and enjoy the benefit, veterans must meet the following criteria. 1. You must have actively worked for 90 days, with at least one of those days spent in a time of war.2. You were discharged with honor.Additionally, you must meet these physical prerequisites: * You depend on someone else to carry out your daily work, like dressing up, bathing, eating, and     grooming. * You stay in bed or spend most of the day there because of some illness.* Your eyesight is contracted to 5 degrees or less, or your vision is restricted to 5/200, even with     glasses  or contact lenses.To apply for the benefit, veterans must submit documents like discharge papers, medical records, and financial information. It is suggested that you get help from VA-accredited agents or organizations with an earlier record of helping veterans with the application process.Better Life for the Veterans:The aid and attendance benefit helps offer monetary assistance at the late stage of life, as this reduces the financial burden when one is not earning or is not at a stage where they can earn for their living. The maximum annual benefit is subtracted from the countable income of a household to calculate the monthly benefit. You are eligible for the entire annual amount if the family has no countable income.The benefit ensures that the veterans can safely stay home and receive the right care. It helps improve the lives of veterans and their loved ones. Final Words:The aid and attendance benefit is a lifetime of support and acknowledgement for their service, ensuring they live a good life. Applying for the program or following all the processes might be difficult. Platinum Benefit is vital in helping veterans get the support they deserve. Always look for experts who have a previous record of helping veterans with applying for the program.

Platinum is dedicated to helping seniors and their families in Florida qualify for Medicaid benefits for nursing home care, home health care, and assisted living. With over 14,000 families helped and billions of dollars in assets saved, Platinum has expanded its services to include the Health and Community Based Services Waiver program, which offers Medicaid benefits for home health and assisted living care, and nursing home care. Families can now receive Medicaid benefits from the start of their loved one's need for home health care and continue to receive benefits as the patient transitions to assisted living or nursing home care and even back to home health or assisted living if necessary. Platinum has emerged as a top long term care financing solutions company in Florida. Medicaid Benefits for Long-Term Care Journey:Platinum helps families obtain Medicaid benefits for their loved ones from the beginning of their long-term care journey, including home health care, assisted living, and nursing home care. Once obtained, Medicaid benefits can follow the patient throughout their long-term care journey.Platinum has evolved into a Long-Term Care Financing Solutions company, assisting families in leveraging their benefits for Veterans Administration Aid and Attendance benefits, Social Security Disability benefits, and Long-Term Care insurance benefits. Additionally, Platinum offers assistance in obtaining reverse mortgages for families who require 24/7 home health care but lack liquid resources.An Expert Long Term Care Financing Solutions Company:Platinum specializes in providing financing solutions for long-term care in Florida. The company understands the unique set of rules for Medicaid benefits in Florida and is well-versed in the interplay between different federally available benefit programs. Platinum's knowledge of long-term care benefit programs, the timing of applications, and asset leverage strategies is unparalleled.Avoid Costly Mistakes:Platinum is Floridas go-to long term care financing solutions company that has saved families from making costly mistakes. The company's in-depth knowledge of the nuanced requirements of different long-term care benefit programs and how to navigate different agencies has provided families with the necessary guidance to obtain the best possible financing solutions for their loved ones.Key factors to consider in developing comprehensive long-term care solutions, -term care is a complex and specialized field that demands expertise in navigating benefit programs, understanding how they interact, and knowing the best time to apply for them. It also requires knowledge of leveraging assets and dealing with various agencies to achieve financing solutions supporting individuals with chronic illnesses or disabilities.To successfully plan for long-term care, one needs to be well-versed in the different benefit programs available, such as Medicaid. A comprehensive understanding of the eligibility criteria and benefits offered is crucial in developing a financing plan that addresses all possible contingencies.Timing is another crucial factor in long-term care planning. Applying for benefits at the right time can help maximize financing support. Knowing when to file for insurance benefits can also play a significant role in the financing viability of long-term care solutions.The Wrap :Platinum is committed to being Florida's best long term care financing solutions company. The company's expertise in long-term care benefit programs, understanding of how different programs interplay, and ability to leverage assets for the best financing outcome make it the ideal choice for families seeking long-term care financing solutions. To learn more, reach out to our team.

As seniors age, their healthcare needs increase, and Medicaid benefits become a crucial source of assistance for them and their families. However, obtaining these benefits can be a complex and frustrating process. From structuring assets to completing applications, families face many hurdles when trying to secure Medicaid coverage for their elderly loved ones. Completing a Medicaid application for elderly individuals can be overwhelming, especially for those dealing with emotional and financial stress. This article will focus on the Medicaid application process and how Platinum Benefit Services can help simplify it for you.Navigating the Maze of Medicaid Applications for Elderly Individuals:The application requires detailed information about residency, social security, health insurance, and asset and income sources, and all responses must be accompanied by official verification documentation from financial institutions. The application is submitted via ACCESS Florida. Once submitted, the Department of Children and Families (DCF) reviews it and issues a Notice of Case Actions (NOCA) that explains what is needed and when an application has been approved or denied.Understanding the Complexities of the Medicaid Application Process:The Medicaid application process for elderly individuals involves submitting an application through ACCESS Florida and waiting for the Department of Children and Families (DCF) to review it, which can be a slow and frustrating experience. DCF provides Notice of Case Actions (NOCAs) to explain when items are needed and whether the application has been approved or denied. However, these NOCA's can be difficult to understand and often contain errors that can be costly and delay the entire process. Moreover, reaching the applicant's caseworker is challenging, which adds to the frustration. Platinum Benefit Services offers a solution to alleviate these burdens and allows families to focus on caring for their loved ones by handling the Medicaid application process and staying on top of updates from DCF.How Platinum Benefit Services Can Help You with Your Medicaid Application:If you're struggling with the process with a Medicaid application for elderly , Platinum Benefit Services can help. Check out these benefits of working with us. We handle the entire application process for our clients, including gathering the necessary documentation.We make the Medicaid application process easier for elderly individuals.We check ACCESS Florida daily to stay informed of any new NOCAs.If a denial NOCA is received, we promptly identify and fix the issue.We ensure that clients don't pay the price for any errors or mistakes in the approval process.We double-check that all approved NOCAs are correct in every regard.We stay on top of DCF employees to ensure a timely application process.We use various methods, such as emailing and phone calls, to track down the contact information that may be difficult to find.Over to you:By partnering with Platinum Benefit Services, families can focus on caring for their elderly loved ones while we take care of the complicated and frustrating Medicaid application process. If you need assistance with a Medicaid application for elderly individuals, please get in touch with us at 1-800-582-1934. We are here to help you every step of the way.

Medicaid is a US government initiative that offers long-term healthcare coverage to individuals with limited financial resources. The application process is complex and can be overwhelming. In this blog post, we will explore the significance of Medicaid planning for families, highlighting how it can help protect loved ones and ensure access to necessary healthcare services.How Medicaid Planning Is Important for You:Medicaid is a lifeline for millions of families that gives access to long-term care and financial support to families with limited wealth. This program is designed for low-income households who dont have the financial resources to cover expensive medical costs. Medicaid covers many services, including doctors visits, hospital spending, prescription remedies, and nursing home care.The Significance of Medicaid Planning for Families:Medicaid planning helps families to navigate the complex guidelines of Medicaid regulations and eligibility criteria. It is suggested to work with knowledgeable professionals to get a comprehensive strategy to protect your assets and also qualify for Medicaid benefits. In Medicaid planning for families, the expert will analyze and restructure assets, implement legal tools like trusts, and look into all aspects. With careful planning, families can qualify for the eligibility and save their hard-earned money.How Medicaid Planning for Families can Help You:Medicaid planning for families offers numerous benefits that help you in long-term care. It helps to protect your money from exhaustion with expensive medical bills. The professionals will strategically arrange your assets and help families with increased chances of qualifying for Medicaid. Medicaid planning provides peace of mind by protecting your wealth without having you to compromise on any level.Benefits of Partnering With Professionals or Attorneys:Medicaid planning is complex, and you need deep technical knowledge to understand the program and how to use it. Therefore, hiring professionals with years of expertise can be a game-changer. They can guide you and your family through the entire process, help you understand all the criteria, navigate pitfalls, and build customized strategies to achieve Medicaid goals.Over to You:Medicaid planning for families is a valuable solution where you can protect your loved ones and secure healthcare support. With proper planning and expert assistance, families can navigate the complex processes of Medicaid regulations, preserve their assets, and ensure long-term care without financial hardship. Platinum Benefit has helped families with their Medicaid plans for a brighter and more secure future for decades.

As your loved one ages, you may grapple with the challenging task of finding long-term care. It's a difficult and stressful time for all involved, and navigating the complexities of Medicaid benefits can add confusion and frustration to an already overwhelming situation.That's where a Florida Long Term Care Financing Solutions Company such as Platinum Benefit Services can help. With over 26 years of experience helping over 14,000 clients obtain Medicaid benefits, their team of professionals can help you understand and navigate the intricacies of Medicaid benefits for long-term care.Understanding the Differences in Medicaid Benefits:It's important to note that the Medicaid benefits for home health care or assisted living are different from the Medicaid benefits for a loved one in a skilled nursing facility. Medicaid will cover up to 40 hours of in-home care per week for the Medicaid recipient. If  the patient is either in an assisted living facility (ALF) or wishes to transition to one. Medicaid will pay part of the monthly assisted living bill, and the patient is responsible for paying the remainder.Not all ALFs are contracted with Medicaid, but for the ones that are, each Medicaid-contracted facility has a separate agreement for the amount that Medicaid will cover. This can make it difficult to understand exactly how much you'll be responsible for paying. A Florida long term care financing solutions company can help you navigate these complexities and understand exactly what you'll be responsible for paying.On the other hand, when a patient is in a skilled nursing facility (SNF), the patient must pay the facility all their monthly income minus a personal needs allowance (PNA) of $130, as well as being able to deduct any monthly premiums for health insurance from the patient's responsibility. Medicaid will pay the remainder of the bill owed to the SNF. Navigating Complex Scenarios:There are also more complex scenarios that a Florida long term care financing solutions company can help you with. For example, having a community spouse to which you can divert income can reduce or eliminate the amount you owe to the skilled nursing facility. These nuances can be difficult to understand and navigate, which is why it's so important to seek the help of a professional.Seek Help from a Florida Long-Term Care Financing Solutions Company:When you're already under immense stress and pressure to help your loved one that is needing care, the complexities of Medicaid benefits can be overwhelming. That's why it's important to seek the help of a Florida long term care financing solutions company such as Platinum Benefit Services. Their team of professionals can help you understand the nuances of Medicaid benefits, navigate complex scenarios, and make informed decisions about your loved one's long-term care.Conclusion:Platinum Benefit Services is a trusted Florida long term care financing solutions company with extensive experience helping clients obtain long-term care Medicaid benefits. If you or a loved one need assistance navigating the complexities of Medicaid, contact us for expert guidance and support.

DONT LOSE YOUR LIFE SAVINGS to the High Cost of Nursing Home CareIf you're looking for long-term care in a skilled nursing facility for a loved one, its important that you familiarize yourself with the rules of Medicaid .It is a government-funded health insurance program and perhaps one of the largest sources for nursing facility long-term care payment.Understanding Medicaid eligibility can be mind-boggling. Adding to that, so much misinformation and wrong advice can be given by many different professionals - not intentionally but because the rules change so frequently. Medicaid eligibility is very specific depending on the state in which your'e applying for benefits. Additionally, the eligibility is different if the applicant is a single person (widow or widower) or has a spouse living in the community. There is much to consider with Medicaid qualification such as, which assets are considered countable and which assets are considered exempt. Gifting and transfer rules, income diversion to the community spouse, how IRAs are treated in the eyes of Medicaid, allowable asset limits, life insurance cash values, the Homesteaded property, additional properties, and much more all factor into the equation. This article will focus on spend down strategies and help guide and answer many of your questions.You can employ a strategy known as Medicaid spend-down to manage expenses. This typically involves giving away or spending your assets to meet the financial requirements of Medicaid. Medicaid has strict rules for asset transfer. But keep in mind...this is NOT the only option!If your loved one, spouse, or parent is currently in need of a nursing home or requires a skilled nursing facility for their healthcare, and you don't want them to spend down their hard-earned assets to qualify for Medicaid, is there any solution or alternative? Yes there is!The Department of children and family services (DCF) have their own legal team reviewing all documents, whether it be trusts, contracts, employment agreements, promissory notes, power of attorney etc. Their main goal is to look for any way possible to deny the Medicaid application. This is where working with a seasoned experienced company like Platinum Benefit Services, Inc. can assist with all aspects of coordination with elder law attorneys to prepare the appropriate legal documents and submit income and asset information to DCF for Medicaid approval. The guidelines and rules change frequently with Medicaid eligibility so you will want to work with a company who focuses on Medicaid application/audits every day.Why Understanding Medicaid Qualification is ImportantDid you know that more than 70 percent of elderly people over 65 require some type of assisted or long-term care (LTC)?The recent surveys from the US Department of Health & Human Services show that 7 out of 10 people will need extended care before they die. Currently, the risk is increasing with an average span of three years with spiking care cost that ranges from $8,000 - $15,000+ MONTHLY!For example, if a fall at home results in a trip to the hospital and then to a rehab or skilled nursing facility, it's often MediCARE (NOT mediCAID) that pays that bill. Medicare is a national health insurance program and primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status. It is worth mentioning that MediCARE does NOT pay for long-term care. Medicare does cover up to 100 days of skilled nursing benefit, but beware this is not a guarantee and often is cancelled with little notice in as few as 20 days! Once that happens, "private pay" is the means of payment for the $10K-$12K/month in a skilled nursing facility.MediCAID, however, is one of the primary payers for rehab or nursing homes with limited coverage for assisted living. That said, it is difficult to qualify for this benefit. That is why many families use the following means to pay for skilled nursing facilities or assisted living costs.Long-Term Care Insurance is a financial product that protects people against care costs associated with a nursing facility.Personal Residence-It is based on selling or renting a personal residence or requesting equity loans and reverse mortgages.Savings and Income -It includes retirement accounts, savings, gifts from friends or family, pensions, or social security.Life Insurance -Some hybrid Life Insurance policies allow a pre death benefit to pay for long-term care.Senior Care Bridge Loans -The program offers short-term cost care. You can benefit from it until you get the qualified funds.Veterans Pension -Aid and Attendance and Housebound Benefits-Veterans who served on active duty for at least 90 consecutive days, including at least one full day during a time of war, may be eligible for additional income through Aid and Attendance if they also qualify for the basic Veterans Pension and meet the clinical and financial requirements.Note that there is a large percentage of elderly people who look for help to pay for their Long Term Care (LTC). Most of them think that they are ineligible to qualify for Medicaid assistance programs as they have sufficient income sources or assets; they feel they cant get financial assistance for any long-term care program.The misunderstanding surrounding eligibility requirements for long term care stems from false information available on the internet or myths that have been established over the years. This is where working with a Medicaid Professional can help you to gain access to the programs that don;t require you to spend down your valuable assets to pay for skilled nursing.DIY - Do it Yourself ApproachYou can file for Medicaid yourself or for a family member, if you are under thein come AND asset limits set by Medicaid for each state. If you are based in Florida, for the counties Charlotte, Collier, DeSoto, Glades, Hendry, Lee, or Sarasota, it's recommended to reach out to Area Agency on Ageing for Southwest Florida. AAASWFL is also the states designated Aging and Disability Resource Center for Southwest Florida. They will direct you to apply for the waitlist for Medicaid benefits that can be used in community or in facilities. The current waitlist can be 2-3 years and depends on need.That said, if your income or your assets are over the limit (even by $1),the best approach ist o seek the assistance of a professional Certified Medicaid Professional(CMP) such as Platinum Benefit Services, Inc. There are many allowable Medicaid planning strategies that protect all kinds of assets. Once assets are reviewed and properly dealt with, many individuals may qualify for Medicaid without selling or losing any of their assets! This is where a seasoned Medicaid filing company such as Platinum Benefit Services, Inc. can review income and asset values to properly assess their treatment before moving forward to apply for Medicaid benefits.Keep reading to find out how working with a Medicaid filer can help you avoid spend-down requirements to pay for skilled nursing. Generally they are the cost of an elder care attorney, charge a flat fee, and specialize in Medicaid approvals.Save Your Valuable Assets from Financial Spend Down Requirements!It is misleading or false information that prevents many elderly people from getting access to programs that can assist them in long-term care costs. That means you need to have accurate information to qualify for Medicaid programs without losing a lifetime of hard earned earnings. The team at Platinum Benefit Services, Inc. can provide this valuable service.Keep in mind that when you have access to Medicaid programs that help you pay for your nursing facility or care costs, you will be able to secure your financial assets, such as family property. There is no need to sell or spend down your precious assets with the right assistance. As a result, you can avoid liquidation of the valuables you have worked hard to obtain.Role of a Medicaid Professional to Save Your Valuable AssetThe complexity attributed to gaining access to the Medicaid programs for long term care occurs when your assets or income are above the allowable Medicaid limits. The use of contracts and trusts are a common practice with Medicaid qualifications.There is no denying that your Medicaid eligibility is complicated, and you need to keep the process impeccable to prevent even the small mistakes that may deny your healthcare benefits. And denial of medical benefit is probably the last thing you want your spouse, family, or loved one to face.This is when the role of knowledgeable Medicaid filing specialists comes into play to ensure your qualification for the right Medicaid program. A professional, in this regard, specializes in providing LTC solutions to assist filing a comprehensive application that ensures qualification for the program that suits your financial needs the best.Why Leveraging Professional Assistance is Highly RecommendedA professional has current knowledge of Medicaid programs and the acceptable exemptions. They are well aware of the fact that long-term rehab or skilled nursing may have uncertain costs. Therefore, they ensure that you consider all your options to get the desired outcomes.Consulting a qualified Medicaid professional enables you to explore legitimate means that can preserve your income, valuables, and assets. The application process, without a doubt, is time-consuming and daunting. However, if you dont want your loved one to go through unnecessary hassle and stress, working with a certified Medicaid professional is essential to obtaining the desired Medicaid benefits.However, if you think your loved one will not get quality care in the nursing home due to payor source, you're mistaken. Regardless of the nursing home you choose for your loved one; it is against the law to discriminate care based on payer source. That means if your elderly family member receives assisted living or nursing home care under Medicare, or Medicaid, he or she will get the same assistance as others paying privately.Summing UpAll in all, if you have countable income that exceeds the limit of$2,382 monthly (for the state of Florida and at the time the article was written), OR if your countable assets are over the allowable limit, Medicaid can deny your eligibility application, if you have not taken action before applying.Working with a Medicaid Professional, can help you file a thorough, impeccable, and successful application to qualify for a Medicaid program that excludes the need to sell or spend down your valuables.Thus, if you want to ensure that your spouse or loved one lives a happy and healthy life, and does not deplete their entire savings, you will need to seek along-term care cost solution through a Professional Medicaid Specialist and secure their financial resources.

With age, the need for healthcare services becomes more critical, and the cost of long-term care can be a burden on ones savings. No worries. Medicaid planning assistance for the elderly offers a complete solution to those financial challenges. In this blog post, we shall talk about the importance of Medicaid planning and how it helps older adults receive the care they need without breaking the bank.Understanding Medicaid Planning:Medicaid is a government program designed to offer healthcare coverage for people with limited financial resources, including older citizens. But the application process and qualifying for Medicaid is complex and confusing. That's why you need Medicaid planning assistance for the elderly. When you work with experienced professionals, like elder law attorneys and financial advisors, you can navigate the intricacies of Medicaid regulations, eligibility requirements, and strategies for asset protection. Medicaid planning helps people organize their expenditures to maximize their chances of qualifying for Medicaid and can also preserve their hard-earned assets.Protecting Assets and Ensuring Eligibility:One of the main objectives of Medicaid planning is to protect your wealth while meeting the program's eligibility criteria. With various legal tools and techniques, like annuities, trusts, and gifting strategies, people can strategically transfer or restructure their assets to align with Medicaid guidelines. This approach enables them to safeguard their savings and property, ensuring they have the necessary funds to cover their long-term care needs and qualify for Medicaid assistance.The Role of Medicaid Planning Professionals:Medicaid planning is a unique field where you need a better understanding of the program's rules and regulations. Attorneys and experts in this area can guide you and your family through the entire Medicaid planning process. They will communicate and understand each client's unique situation, develop personalized strategies, and offer expert advice on several areas like finance, legal, and tax. With their expertise, they help older adults to make informed decisions and earn confidence and peace of mind in their Medicaid planning journey.Final Thoughts:With Medicaid planning assistance for the elderly, be assured about the aspects of essential healthcare services as you also preserve your financial stability. By taking help from experts and professionals and implementing strategic asset protection strategies, you can navigate the Medicaid system successfully. Platinum has been offering top Medicaid services for decades and helping individuals and their families and has become a trusted Medicaid service provider in Florida.