Long‑term care costs are rising fast. Someone turning 65 today has a 70 percent chance of needing some form of long‑term care, and nearly 1 in 5 will require care for more than five years. With a private nursing‑home room averaging $10,025 per month, that’s $120,300 every year, even a healthy nest egg can disappear quickly.
At Foust & Foust, PLLC, our mission is to safeguard everything you have worked for while helping you qualify for the care you deserve. Whether you are planning years in advance or facing an immediate nursing‑home admission, our boutique firm delivers clear, compassionate solutions tailored to your goals.
Why Medicaid Planning Matters
Families generally have three ways to pay for long‑term care:
- Private Pay: spend savings and income until they run out
- Long‑Term Care Insurance: only if purchased well in advance
- Medicaid: strict income and asset limits, but powerful benefits once approved
The right Medicaid strategy can cover most long‑term‑care costs without forcing you to spend down everything you own.
Our attorneys know the rules inside and out and use them to your advantage.
Two Paths to Medicaid Eligibility
Start by knowing your timeline. Medicaid handles early planners and last-minute applicants differently, yet with guidance, either path can protect your savings and ensure care. The following shows how and when to use each.
Proactive Medicaid Planning
Ideal when long‑term care is still on the horizon. We design trust‑based, asset‑protection plans, often using irrevocable trusts and strategic gifting, to position you for eligibility five years or more before care is needed.
Benefits:
- Protect your home, savings, and investments
- Gain peace of mind knowing a blueprint is in place
- Minimize taxation and probate delays
Crisis Medicaid Planning
If a loved one already needs nursing‑home care, or will within months, every day counts. Crisis planning focuses on rapid eligibility while preserving as many assets as possible through compliant spend‑down techniques, promissory notes, and tailored caregiver agreements.
Benefits:
- Accelerate Medicaid approval
- Shield a significant portion of the remaining assets
- Reduce out‑of‑pocket costs immediately
Our Comprehensive Medicaid Services
- Personalized Assessment: We evaluate your financial, medical, and family picture to craft a plan aligned with your values.
- Asset Protection & Eligibility Structuring: Legal tools to qualify without sacrificing your legacy.
- Complete Application Management: We prepare, file, and track every document, handling state requests so you do not have to.
- Ongoing Support: We stay by your side after approval for recertifications and any changes in care.
Why Choose Our Law Firm?
- Boutique Focus: Estate planning, elder law, and Medicaid planning are all we do.
- Decades of Experience: A seasoned team that has successfully guided hundreds of families.
- Fixed‑Fee Transparency: Know your investment up front; no surprises.
- Compassionate Counsel: We treat every client like family, explaining options in plain English.
Take the Next Step Today
Secure your future and your family’s peace of mind with a proven Medicaid plan. Call Foust & Foust, PLLC at (865) 203-4041 or request a consultation using the form below. Let us help you protect what matters most.
