Proactive Medi-Cal planning is essential to become eligible for benefits when they are needed.  AT JFW Life Planning Services, we help clients navigate the complex Medi-Cal rules and eligibility requirements, keeping in mind federal look-back periods, asset transfer penalties, and waiting periods that ultimately effect if, and when, an individual may become eligible for Medi-Cal benefits. Medi-Cal is entitled to recover for benefits paid during an individual’s lifetime. Without proper planning, this could result in a family home being lost or turned over to Medi-Cal.  However, there are effective techniques, which enable families to preserve the family home and assets. It is also important to consider the connection between eligibility for use of Veterans benefits as it relates to eligibility for Medi-Cal benefits.

Please contact me on 805 415-8449 or jim@jfwlifeplanning.com for questions or concerns.

Very few families can afford more than a few months of nursing home care without depleting their entire estate. While some people purchase long-term care insurance to alleviate the cost of such care, most people will need Medi-Cal to cover the expense of nursing home, assisted living, or other long term care. Medi-Cal, California’s Medicaid program provides coverage for nursing home care and other medically necessary health care services. However, because Medi-Cal is a government-funded medical assistance program, eligibility is determined my assets and income. Medi-Cal only provides for long-term care in a skilled Nursing facility.  Therefore, it may be essential to review other funding options if you wish to receive in-home care or assisted living care.

Seniors will require some form of care during their elderly years. At JFW Life Planning Services, we understand multitude of emotions that come with preparing for this reality: parents who are afraid of being lost in the system or becoming a burden for their children; children who only want the  best for their parents, but do not know how to find such care or how such care can be afforded; families who are concerned about preserving the legacy of a loved one and are fearful of losing such legacies to nursing home costs.

We work closely with clients to discuss long –term care options and asset protection strategies, as well as Medi-Cal Planning strategies that enable clients to become eligible for government-funded services to cover nursing home and long-term care costs.

Please call us at 805 415-8449/  We are here to help you make the best decisions for your individual family situation.

U.S. soldiers devote their lives to protecting the safety and freedom of the United States. They deserve to be treated with honor and respect, a degree of which is demonstrated through the administration of Veterans benefits.

Benefits are available to wartime U.S. Veterans over 65 who were dishonorably discharged and their surviving spouses, provided certain income eligibility requirements are met. The money obtained from these pensions can be used for many purposes, including:

• Paying for assisted living
• Paying for the high cost of ongoing medical bills
• Allowing for necessary in home care
• Arranging for nursing home care

JFW LIfe Planning Services has in-depth knowledge of the sometimes complicated rules of Veterans benefits and other government assistance programs which can be used to protect assets while preserving eligibility for these programs.

Please contact us at 805 415-8449 for all your questions and concerns.