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.
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.