Technically, Medicaid is available to everyone in Buffalo, but the benefits are scaled to provide more help to those with fewer resources.
But in the modern healthcare era, where seniors can live a long life but may require costly expenditures for care at home or in nursing homes, even those with substantial assets and wealth may find that the work of their lives is being depleted so quickly that they will end up with no financial legacy to pass on.
While the eligibility numbers change over time, in New York you are eligible for Medicaid when strict financial rules are met.
You are allowed an income of approximately $800 a month ($1200 for married couples), with savings of up to about $14,500. If your home is worth more than $800,000, you may be ineligible.
These are restrictive eligibility rules, but there are legal, ethical approaches you can take to protect your wealth and your ability to access the level of care you need to live well in your retirement.
The attorneys at Friedman & Ranzenhofer have been helping seniors access nursing home care, while protecting their hard earned wealth, for decades.
Call us today at 716-542-5444 to speak to an experienced Buffalo Medicaid Planning attorney.