1.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
CAN I GIVE AWAY ASSETS TO
QUALIFY FOR MEDICAID?

2.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
TWILIGHT YEARS
When retirement planning crosses your
mind, you probably think about the good
times that lie ahead.

3.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you accumulate enough
resources, you may be able to live
your retirement dream.

4.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF

5.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
LIVING ASSISTANCE

6.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
A very significant percentage of
senior citizens will someday need
help with their day-to-day needs.

7.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
The figure is 70 percent according
to the United States Department of
Health and Human Services.

8.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
NURSING HOME CARE

9.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Many people who require long-term care
will eventually reside in nursing homes.

10.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
The United States Census Bureau
tells us that 24.5 percent of people
who are at least 85 are nursing
home residents.

11.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Half of people who are at least 95
are residing in nursing homes.

12.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
LONGEVITY

13.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you are thinking that most people
do not live until they are in their
mid-eighties and beyond, you
should understand the facts.

14.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
The life expectancy for someone
who is turning 67 today is at least
85.

15.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
THE COST OF CARE

16.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Genworth Financial has been conducting an
ongoing study that provides a great deal of
information about nursing home costs.

17.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
We practice law in Annapolis,
Bowie, Millersville and Waldorf, MD.

18.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
According to the study, the median
charge for a year in a private room
in Maryland is over $110,000.

19.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
MEDICARE

20.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Most elders will qualify for Medicare
when they reach the age of 65.

21.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
This is a valuable health insurance program, but
it does not cover everything in full.

22.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Plus, Medicare does not pay for
nursing home care at all.

23.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
THE MEDICAID
PROGRAM

24.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Medicaid is another government
health insurance program that does
pay for nursing home care.

25.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
This is the good news, but the bad news is that
you cannot qualify if you have more than $2500
in countable assets in your own name.

26.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
GIVING AWAY ASSETS

27.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
However, you have to act in
advance if you want to become
eligible at the ideal time.

28.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
You have to complete your gift
giving at least five years before you
apply for Medicaid.

29.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you violate this rule, your
application will be denied at first,
and you will have to pay out-of-
pocket for a certain period of time.

30.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
SCHEDULE A MEDICAID
PLANNING
CONSULTATION

31.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Careful, informed planning is the
key to nursing home asset
protection.

32.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
If you would like to discuss things
with a licensed elder law attorney,
contact us to schedule a
consultation.

33.
ANNAPOLIS • MILLERSVILLE • BOWIE • WALDORF
Or visit our website
www.sinclairprosserlaw.com
Nicole Livingston
Jon J. Gasior
Colleen SinclairProsser
Victor A. Lembo