Medicaid lawyer Yana Feldman has recently published an insightful article on Medicaid planning in the state of New York. The article highlights the importance of proactive planning to secure long-term healthcare while protecting personal assets.

Medicaid lawyer Yana Feldman emphasizes the need for strategic planning, stating, “With a well-executed plan in place, you may be able to help your loved ones avoid becoming financially vulnerable. Proactive planning also allows you to inform your loved ones of your preferences when you become unable to communicate your choices either due to illness or disability.”

As an experienced attorney in the field of elder law, Yana Feldman practices in various areas, including Brooklyn, New York. Feldman and her team of lawyers and attorneys at New York Legacy Lawyers have helped numerous New York City residents in planning for long-term care, such as nursing home care, while preserving their assets. The firm’s commitment to providing exceptional legal services has made them a trusted resource for Medicaid planning in the surrounding areas, including Manhattan, Queens, Long Island, Nassau County, and Suffolk County.

In the article, Feldman discusses the three main categories of long-term care under Medicaid: Institutional/Nursing Home Care Medicaid, Community Medicaid, and Medicaid for the Disabled, Aged 65+, or Blind (DAB). Each category has unique eligibility requirements and benefits, making it crucial for individuals to understand their options and plan accordingly.

Feldman and her team of attorneys widely experienced in various aspects of elder law, including probate, guardianships, Medicare, Medicare supplement, asset protection trust, income trust, guardianship, special needs trust, and revocable living trust planning.

“Proactive planning is essential,” Feldman says, noting the look-back period, a financial evaluation process that can impact Medicaid eligibility. By being aware of the look-back period and employing effective planning methods, individuals can protect their Medicaid eligibility without jeopardizing their assets.

Taking action now can be beneficial for both current and future Medicaid applicants. As Feldman points out, “Currently, that look-back period is only for coverage of nursing home care, but as of April 2024, there will be a 30-month look-back for new applications for home care as well!”

The article also addresses the potential consequences of not planning properly for Medicaid, such as the estate recovery program, which can reclaim assets from beneficiaries who received assistance when they were 55 years of age or older or were permanently institutionalized. Feldman and her team at New York Legacy Lawyers can help clients navigate these complex issues and recommend options to protect their Medicaid eligibility and assets.

For those seeking guidance in Medicaid planning and eligibility in New York State, Yana Feldman and her team at New York Legacy Lawyers offer comprehensive assistance in Brooklyn and other areas in New York. Their dedication to safeguarding clients’ legacies while planning for the future has made them a trusted resource for Medicaid planning in New York, NY.

In addition to Medicaid planning, Feldman and her law firm also handle cases related to health care fraud, Medicaid fraud, and provide legal counsel for clients in NYC and its surrounding areas.

About New York Legacy Lawyers:

At New York Legacy Lawyers, Yana Feldman, a Medicaid lawyer, has years of experience in assisting clients with long-term care planning and asset protection. She and her team are dedicated to providing quality estate planning services, legal advice, and assistance in navigating the complexities of Medicaid planning in New York.

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Email: yana@yanafeldmanlaw.com

Website: https://yanafeldmanlaw.com/

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Company Name: New York Legacy Lawyers by Yana Feldman & Associates PLLC
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Phone: (718) 713-8080
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State: New York 11232
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Website: https://yanafeldmanlaw.com/