The expense of a long-term nursing home stay often forces seniors to rely on Medicaid. But without prior planning, many seniors run through their money before being ruled eligible. Teresa K. Bowman, P.A. offers an in-depth evaluation of your current financial situation to advise you of your options if you, your spouse or partner becomes seriously ill and needs long-term care. Medicaid is a joint federal and state medical assistance program: both state and federal dollars make up the Medicaid budget. For many people seeking Medicaid eligibility, however, complex rules make navigating the system difficult. Your best course of action is to seek advice from someone who not only knows the laws but also understands the rules and policies of the agencies involved.
People applying for Medicaid must meet strict income and asset limitations. Through estate planning, you can transfer assets to loved ones in advance of your application for Medicaid, but you must do so more than five years ahead of your application or you trigger a penalty period that automatically pushes back your eligibility. If you haven’t protected your assets through long-term planning, I may still be able to help you avoid undue financial hardship by providing reliable advice on:
As a dedicated elder law attorney, I am committed to helping you get the medical assistance you need while protecting as much of your wealth as possible.
Teresa K. Bowman, P.A. helps people throughout Sarasota and Manatee counties with Medicaid eligibility and asset protection issues. Please call 941-735-5200 or contact me online to schedule an appointment at my Sarasota office.
"The National Elder Law Foundation (NELF) – the only organization approved by the American Bar Association to offer certification in the area of elder law, has announced that Teresa K. Bowman, Esq., of Sarasota has successfully completed its examination leading to such certification."
"I am pleased to announce that I have joined the firm of McLin Burnsed, based in Leesburg and in The Villages Community, as an attorney of counsel. McLin Burnsed has maintained a presence in the Leesburg and Villages area for over 45 years and are expanding their practice to include Elder Law."