Many individuals feel like Medicaid is for low-income individuals who can’t afford their medical costs. But, Medicaid is something that we have all paid into all of our working life, and when it comes

 time for long term care, Medicaid also becomes the benefit we should all consider since we’ve already paid for it.

Applying for Medicaid can be a confusing process and our team at the Care Assistance Center know that the qualification process is rarely simple. That’s why it’s important to talk to an experienced Certified Medicaid Planner (CMP) who has access to the necessary documents, information, and techniques to effectively plan for your long-term needs without losing everything to the nursing home.

4 steps necessary to qualify for Medicaid in North Carolina are:

  1. Eligibility: Eligibility for long term care Medicaid depends on a person’s age (65+ in most cases), asset level, and health needs. Additionally, the individual must also be a resident of the state and have a Social Security number (or have applied for one).
  2. Arrange Assets. Individuals must have less than $2,000, a vehicle, and may have a home with an equity limit. A married couple additionally has an amount the spouse may keep. But there are thousands of different techniques to “transform” assets and shift things around to qualify for Medicaid without bankrupting the family.
  3. Gather the Paperwork: Before filling out an application, have the proper documents on hand so you can input your information accurately. These documents will include birth certificates, copies of pay stubs, five years of bank statements, and other documentation that verifies your NC residency.
  4. Talk to a Professional. To qualify for long term care Medicaid, enlist professionals who can help prepare and rearrange your assets to save as much money as possible. An elder care attorney will help you better understand the Medicaid laws in North Carolina, and a good Certified Medicaid Planner will be able to answer your questions and break down the complexities of the Medicaid application process. 

Qualifying for Medicaid doesn’t have to be complicated for you and the family. When you work with planning professionals like The Care Assistance Center, LLC who can navigate the system, including helping find the right facility, you can get the assistance and long term care you need. Contact us today and see what your options are.