Medicaid Planning
/ˈmɛdɪˌkɛɪd ˈplænɪŋ/
Definitions
- (n.) The process of arranging an individual's financial and legal affairs to qualify for Medicaid benefits, typically involving asset protection and eligibility strategies.
The attorney advised the family on Medicaid planning to ensure the elderly relative could afford long-term care without depleting all assets.
Forms
- medicaid planning
Related terms
See also
Commentary
Medicaid planning often involves complex balancing of asset transfers and spend-down requirements; precise timing and legal compliance are crucial to avoid penalties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.