how much does a medicaid attorney cost

Today, the average cost of hiring a Medicaid lawyer to apply for Medicaid is between $3500 and $10,000 according to a variety of sources, but each state differs and lawyers set rates that reflect their level of experience and the amount of time they expect a given application to take.

Full Answer

How much does it cost to hire a Medicaid lawyer?

Jun 24, 2019 · If the work is much more complicated it may cost twice that. We’ve heard reports of some attorneys charging $25,000 and more. If you get a fee quote that is very high, inquire of the work that the attorney must do to get the application through. And, get a second opinion.

Do I need a lawyer to get Medicaid?

Jul 27, 2020 · There isn’t a clear-cut answer as to the cost of hiring an elder care attorney for Medicaid planning purposes. Some Medicaid lawyers offer free consultations, while others charge an initial consultation fee or offer Medicaid planning conferences that range in cost from approximately $175 – $500.

What does a Medicaid attorney do for seniors?

Aug 28, 2013 · The planning piece takes the expertise of an experienced elder law attorney, but may not take considerable time. The application can be time consuming, though most of the work can be completed by an experienced paralegal. My …

How much does it cost to work with a Medicaid planner?

The initial consultation for Medicaid planning is free. For applicants who are already eligible for Medicaid, the usual fee is $2,750 for Mr. Gustafson (or staff under his direct supervision) to prepare and file a Medicaid application, including all coordination with the Department of Human Service up through a decision on the application.

What is the role of a Medicaid attorney?

On the other hand, Medicaid attorneys often focus more on the legal aspects of Medicaid planning, such as creating Medicaid asset protection trusts or Qualified income trusts, which makes them the better option for this type of assistance.

How long does it take for Medicaid to pay for long term care?

Medicaid attorneys and specialists also assist with crisis planning, which occurs when a senior needs Medicaid benefits within 30-60 days.

What do elder law attorneys do?

What Elder Law Attorneys Do? Elder law attorneys, also called elder care attorneys, estate and trust attorneys, or Medicaid lawyers, assist persons in preparing for long-term care and death. They assist seniors in a large and diverse array of legal tasks, which encompasses retirement planning, estate planning, creating wills and durable power ...

What is Medicaid asset protection trust?

One such strategy that elder law attorneys can implement is a Medicaid asset protection trust (MAPT). This type of trust not only prevents one from becoming ineligible for Medicaid due to gifting assets ...

How long does Medicaid look back?

The look back period is 5 years in all states except California (Medi-Cal has a 2.5 year look back).

What is a medicaid planner?

For persons who have Medicaid cases that are fairly simple and straightforward, a Medicaid planner, also called a Medicaid specialist or a Medicaid Advisor, might be a good option. Working with a professional Medicaid planner can be a lot more cost efficient than working with a Medicaid attorney.

How does Medicaid annuity work?

This strategy reduces one’s countable assets, while at the same time , protecting some of them for family. Essentially, Medicaid applicants gift approximately half of their “excess” assets (assets over Medicaid’s limit) to their loved ones and then purchase an annuity with the remaining “excess” assets. (An annuity turns countable assets ...

What is Medicaid planner?

Medicaid Planners help clients structure their financial resources and prepare documentation to ensure the best possibility of being accepted into the Medicaid program. They create trusts, manage asset transfers, and convert countable assets into exempt assets to ensure eligibility and preserve a family’s resources.

What happens if you are denied medicaid?

The consequences of being denied by Medicaid are severe and can negatively impact the comfort, happiness, and even the health of the individual applying and their entire family.

What is an irrevocable trust?

There is a simple option called an irrevocable funeral trust. This is essentially prepaying a funeral and all the associated expenses. The family simply allocates the amount of money by which they are over the Medicaid limit to the irrevocable funeral trust.

What is a life resource planner?

A category of professionals called Life Resource Planners, or sometimes Eldercare Resource Planners, offer an alternative to traditional Medicaid planning. These advisors take a larger, holistic view of how to help families plan for paying for aging care. While Medicaid Planners are very focused on the task of helping families qualify for Medicaid, Life Resource Planners also look to see what other options exist and are available. As with Medicaid Planning professionals, their fees must be paid for out-of-pocket. However, those fees are substantially lower. Eldercare Resource Planners typically charge 50% – 75% less than Medicaid Planners. Learn more.

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Not Hiring a Medicaid Lawyer Could Cost You Everything

Not hiring a Medicaid lawyer could cost you if you have to go into a nursing home. If you have Medicare coverage, as many seniors do, when you need nursing home care, Medicare will only pay for skilled nursing home services.

How Can a Medicaid Lawyer Help You?

A Medicaid planning lawyer can help you prepare to qualify for Medicaid should you need nursing home care and can help protect access to Medicaid for a person already receiving benefits.

Getting Help from An Oklahoma City Medicaid Lawyer

Parman & Easterday can assist you with all aspects of Medicaid planning, including making certain you have plans in place to protect your assets and a disabled person’s access to benefits. To find out more about how Medicaid planning can be a key part of your asset protection plans, join us for a free seminar.