Don’t Let Your Loved One Be Denied Medicaid
“Do It Yourself” Medicaid Can be Very Costly
Most Common Reasons For Denial Are:
- Failure to provide documentation within time sensitive deadlines.
- Improper transfers of bank accounts, houses, cars, boats, etc.
- Failure to protect assets within approved guidelines.
- Improper titling of bank accounts.
- Failure to disclose all assets such as life insurance, annuities, loans, ect.
- Failure to understand the rules and regulations and how to make them work for the Applicant.
- Failure to understand that a trust does not protect assets from Medicaid.
- Failure to understand that Medicaid will locate all of the Applicant’s assets. “They will find out”. Non-disclosure could result in serious legal penalties and denial.
- Providing more information than what is required.
- Complications arising from previous marriages and divorces with shared and non-shared assets.
- Failure to disclose current and past business partnerships, corporations and share holdings.
- Joint account holder’s refusal to provide all asset information due to privacy concerns.
- Refusing to prosecute those who have exploited the Applicant by taking property or assets. Medicaid will consider the transfer a gift and deny the application.