Top Elder Law & Medicaid Attorney Michael T. Huguelet Explains How To Protect Your Assets From Nursing Home Costs – Orland Park, IL
Orland Park, Illinois, United States – June 29, 2022 —
A majority of the US population may be labouring under incorrect assumptions that prevent them from legally claiming Medicaid, revealed Estate Planning and Elder Law attorney Michael T. Huguelet.
For more information please visit https://www.hugueletlaw.com
The Orland Park, IL attorney, exposed a number of myths regarding how people qualify for the long-term care benefits of Medicaid. Common misconceptions include having too many assets that then disqualify a person from Medicaid benefits; and, applicants who are denied are not eligible to reapply.
The founder of the Law Office of Michael T. Huguelet, P.C., explained: “Paying for elder care, such as nursing home care costs, can quickly drain resources and drastically reduce a person’s quality of life. Medicaid is there to help lift this burden off their shoulders by covering most or all of these costs.”
He pointed out that clients can protect their assets and qualify for Medicaid at the same time. It’s possible to be eligible for Medicaid benefits, but only if they plan for it.
“People wrongly assume that being rejected for Medicaid is similar to being denied a bank loan, and they can’t reapply.” An application can be denied due to a person having too many assets, incorrect or missing paperwork or information, or spouse-related issues.
He elaborated: “Those who are thinking of applying for Medicaid should speak to an experienced elder law attorney or estate planning lawyer for guidance. They can use various legal strategies to get an application approved.”
“By using these strategies, you can maintain a certain quality of life while living off any converted assets or income, and give your family peace of mind that your finances are in order.”
Huguelet concluded: “If you’re unsure whether you qualify for Medicaid, consult an elder law attorney, so you can get advice on your situation and plan accordingly.”
Name: Michael T. Huguelet
Email: Send Email
Organization: Law Office of Michael T. Huguelet, PC
Address: 10723 W. 159th St. Orland Park, IL 60467
Phone: (708) 852-0733
Release ID: 89077250
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