Nassau County Medicaid planning attorney Seth Schlessel (https://www.schlessellaw.com/spend-down-medicaid-in-new-york/) from Schlessel Law PLLC has recently published an in-depth guide titled ‘Spend Down Medicaid’. The article provides a comprehensive understanding of Medicaid and its spend down process, which is instrumental in helping individuals with income or assets exceeding Medicaid limits to qualify for benefits.
Schlessel, a respected Nassau County Medicaid planning attorney, explains that the ‘spend down’ process allows individuals whose income or assets exceed Medicaid’s limits to still qualify for its benefits by reducing their ‘countable’ resources. The article further emphasizes the role of a Medicaid planning attorney in aiding individuals through the ‘spend down’ process, including understanding the asset and income limits.
“Medicaid’s ‘spend down’ program is a pathway for individuals in New York with high medical costs to access the healthcare coverage they need,” the Nassau County Medicaid planning attorney said. “By ‘spending down’ their income, individuals bridge the gap between those who would be ineligible for Medicaid due to their income and resource levels.”
The article begins with an explanation of the Medicaid ‘spend down’ program and its purpose, then delves into eligibility criteria and qualifying medical expenses. It includes specific conditions such as visual impairment, disability, and age, and provides current income thresholds for single individuals and couples.
Schlessel explains how to access Medicaid through the ‘Spend Down’ program, explaining the process of contacting the Department of Social Services and how to handle monthly excess income. He further highlights the difference between outpatient and inpatient care and services, detailing the eligibility criteria for each.
The Nassau County Medicaid planning attorney also discusses the ‘Pay-In’ option, an alternative for individuals without medical bills but who require medical care. The article provides a strategy to optimize Medicaid ‘Spend Down’, emphasizing the importance of preplanning, timing considerations, and maximizing exempt assets.
Schlessel added, “While the ‘spend down’ process might seem complex, understanding the nuances can help individuals make the right decisions for their unique situations.”
The recently released article is a valuable resource for individuals and families seeking to understand and navigate the Medicaid ‘spend down’ process in New York. It offers a comprehensive overview of the program’s purpose, benefits, eligibility criteria, and strategies for success.
About Schlessel Law PLLC:
Schlessel Law PLLC is a Nassau County-based law firm that focuses on Medicaid planning. Led by Attorney Seth Schlessel, the firm assists clients in identifying potential financial issues and that the ‘spend down’ strategy aligns with their overall financial plan. Their objective is to help clients manage the ‘spend down’ process effectively to access essential healthcare services. The team at Schlessel Law PLLC is committed to providing clients with the necessary guidance and support, making Medicaid planning a smoother and more accessible process.
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Company Name: Schlessel Law PLLC
Contact Person: Seth Schlessel
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Phone: (516) 574-9630
Address:34 Willis Ave Suite 300
City: Mineola
State: New York 11501
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Website: http://www.schlessellaw.com/