While planning for the care of aging loved ones or oneself may not be the most exciting topic, it is essential to understand the benefits and requirements of Medicaid. Medicaid can provide coverage for necessary care, ensuring that your or your loved one's quality of life is maintained without the financial burden of healthcare expenses. Healthcare costs can be significant, and Medicaid can be a valuable resource in securing the funds needed for long-term or nursing home care.
Medicaid has a number of benefits, but the primary benefit for aging adults is relieving the financial burden and stress of long-term or nursing home care.
In New York, Medicaid covers the following areas:
If you or a loved one is considering applying for Medicaid, there are eligibility requirements that need to be met, including:
These requirements can change over time and can vary based on your circumstances. It's crucial to seek guidance from an experienced elder law attorney to understand your eligibility for Medicaid and the benefits it can offer for you or your loved one's medical needs.
Medicaid coverage can relieve you or an aging loved one of the financial burdens of long-term or nursing home care and provide the medical assistance needed to sustain a high quality of life. To learn more about how New York’s Medicaid coverage might be able to help you or a loved one pay for care, check out our new ebook.
At NY Elder Law Group, we’ve been helping families and individuals make plans for their future personal and financial well-being since 1997. Call us today at (917) 633-8461 or visit our website to schedule a consultation.