Spragins, Barnett & Cobb, PLC | Attorneys At Law

CALL 731-300-1592

Spragins, Barnett & Cobb, PLC | Attorneys At Law
731-300-1592

Where Experience Counts And Results Matter

Elder Law: TennCare Planning Helps Maximize Resources

The estate planning attorneys at Spragins, Barnett & Cobb, PLC, provide compassionate assistance to clients in and around Jackson. We customize solutions based on our clients’ individual estate planning needs. When our clients face potential long-term care requirements, our elder law attorneys offer TennCare planning services to maximize eligibility for benefits.

Planning For Long-Term Care Coverage In Tennessee

One of the biggest considerations in estate planning for the elderly is the management of financial resources for health care and nursing home expenses. TennCare is Tennessee’s Medicaid program, and applying for and receiving TennCare Long-Term Services and Supports (LTSS) can greatly minimize cost concerns.

Qualifying for TennCare will help cover medical expenses for home health care, memory care and assisted living. The application process for TennCare long-term care benefits is complicated, and applicants must meet specific income and asset guidelines.

What Is A TennCare Planner?

A TennCare planner helps clients structure and organize their financial resources to have the best chance of qualifying for Tennessee’s Medicaid long-term care program. These planners help prepare the proper documentation required by TennCare. A TennCare planner can also help manage and arrange financial resources to ensure that the nonapplicant spouse has enough income to fund household expenses while their husband or wife receives TennCare assistance for a residential facility.

Planning For TennCare: Structuring Your Estate And Managing Assets

There are a number of ways a TennCare planner can restructure financial assets to help preserve a family’s financial resources. This restructuring gives applicants the best chance for eligibility. These strategies include:

  • Creating trusts
  • Transferring assets
  • Converting countable assets into exempt assets

At Spragins, Barnett & Cobb, PLC, our estate planning services include TennCare planning if needed. The elder law lawyers on our team have the experience needed to create trusts and convert assets in a way that maximizes an applicant’s eligibility for TennCare long-term care benefits.

Protecting Your Assets From Nursing Home Costs

Nursing home care can be expensive, and without planning, it can quickly use up the savings you hoped to pass on to your family. By planning ahead with an experienced elder law attorney, you can protect your assets, follow Medicaid rules and have lasting peace of mind about your future.

Being proactive gives you control over how your money is used and who receives it. A lawyer who understands elder care law can guide you through the process and help you make smart choices that keep your assets safe while still allowing you or your spouse to qualify for long-term care coverage.

Here are some ways an attorney can help you protect your assets:

  • Set up a living trust: Manage your assets while you’re alive and pass them directly to your loved ones without going through probate.
  • Create a special needs trust: Provide for a family member with a disability while keeping them eligible for government benefits.
  • Turn countable assets into exempt assets: Use Medicaid-approved strategies such as home improvements or prepaid burial plans.
  • Prepare powers of attorney: Choose someone you trust to handle your finances or medical care if you can’t make those decisions yourself.
  • Plan early for Medicaid: Start years ahead to meet Medicaid requirements and avoid problems with the five-year look-back period.

The earlier you start, the more options you will have. Waiting until a medical crisis happens can limit your choices and make it harder to protect your home and savings.

At Spragins, Barnett & Cobb, PLC, we help families in Tennessee plan ahead for long-term care. Our skilled elder law attorneys make the process clear and manageable. We’ll help you protect what you’ve worked for, so you can care for your loved ones and move forward with confidence and peace of mind.

Considering TennCare Long-Term Care Assistance? Let Us Help.

If you or someone you love is facing the possibility of long-term residential care, let the elder law attorneys at Spragins, Barnett & Cobb, PLC, craft an estate plan that maximizes your eligibility for TennCare assistance. Elder law attorney, Sara Barnett, will be glad to assist you. Call us today at 731-300-1592 or email us to schedule a consultation.