Most people think you can only have Medicaid or Medicare, but not both. However, that isn't necessarily the case. The estate planning and elder law team at Krause Estate Planning breaks down how this can happen.
Many Americans may be eligible to enroll in both Medicaid and Medicare simultaneously if they meet certain guidelines outlined by the state's health insurance regulations. To qualify for both programs, individuals typically must:
- Be 65 years or older;
- Be pregnant;
- Be disabled; or,
- Have a disability-related condition.
Additionally, applicants' incomes and assets must meet specific requisites to be approved for coverage.
Benefits of Enrolling in Both Medicaid and Medicare
Health insurance is expensive, and many people require both Medicaid and Medicare to get the coverage they need. Fortunately, it's possible to enroll in both programs at once. By doing this, you can get the comprehensive coverage required for your health needs while saving money on healthcare costs.
Can Working with an Elder Law Attorney Help Me Qualify for Medicaid and Medicare?
In many cases, yes! Being proactive with your Medicaid and Medicare coverage plans is essential to maintaining financial security throughout life and for your heirs after you pass. Taking steps to develop a comprehensive plan now can mean the difference between access to government benefits down the line and worrying about how to pay for medical care out of pocket.
If you are unsure whether you qualify for both Medicaid and Medicare at the same time or are interested in creating a plan now so you are eligible to qualify for both plans, Krause Estate Planning is here for you. When working with our Wisconsin estate planning and elder law team, we can create a customized plan to put your and your family's needs first. Get started by contacting our office online or by phone today. (608) 344-5491