For some reason, there’s a belief out there that Medicaid planning is against the law or in some way trying to circumvent the system. The reality is that this is not true at all. In fact, many attorneys and individuals invested in the Medicaid planning process have an expert level of knowledge about government regulations and the importance of working within these guidelines. Despite the fact that Medicaid planning can occasionally get a bad reputation as being unethical, the majority of people dedicated to this cause are committed to ethics and actually make the most out of planning within government guidelines.
Those who plan to qualify for Medicaid and are looking ahead for the best way to do so are simply following the rules of Medicaid just as those using tax deductions are complying with IRS regulations. At least that’s the perspective of ethics columnist Randy Cohen, who used to write for the New York Times.
The fact that long term care costs are increasing simply means that more people are interested in Medicaid planning and seeking to understand their options more comprehensively. This doesn’t make planning unethical or illegal in any sense, in fact Medicaid planning represents an understanding of the importance of compliance. We’re waiting to help set your appointment: contact [email protected] today.