Medicaid Spend Down Assistance
Honoring Your Loved Ones at Schumacher Preplanning
Medicaid Spend Down Planning
Preparing for long-term care often includes navigating the complexities of Medicaid eligibility. At Schumacher Preplanning, we specialize in Medicaid Spend Down planning, helping individuals and families make smart financial decisions that protect their assets and meet Medicaid requirements.
One of the most effective tools in this process is prepaying funeral and cremation expenses through an irrevocable funeral policy. This allows you to set aside funds in a way that’s exempt from Medicaid asset limits, while ensuring your final wishes are clearly planned and paid for.
Additionally, during a Medicaid spend down, there is a way to transfer assets via burial policy to your immediate family when done properly and within specific guidelines. We’ll help you understand these options and work with you to ensure everything is done lawfully and in your best interest.
Our process includes:
- Setting up an irrevocable funeral policy that complies with Medicaid
- Guiding you through allowable asset transfer
- Collaborating with elder law attorneys or financial advisors if needed
- Helping you and your family gain peace of mind during a challenging time
- Giving one final financial gift to your family, if applicable
Let us help you plan ahead with confidence, compassion, and clarity-give us a call today, we are looking forward to speaking with you!
