If your loved one is in or headed to a nursing home, you may be feeling a bit overwhelmed, especially when it comes to figuring out when to apply for Medicaid. You’re not alone. This is one of the most common questions we hear from families every day.
The truth is, timing really does matter. Applying too soon can cause confusion or even delays if financial details aren’t in place yet. But waiting too long can mean paying thousands of dollars out of pocket that Medicaid could have helped cover. Finding the right timing often depends on your loved one’s financial situation and how quickly you can organize the necessary documentation.
To qualify for Indiana Medicaid, there are specific limits on income and assets. Many people worry this means they’ll have to lose everything before getting help, but that’s not true. With the right guidance, you may be able to protect your home, your spouse, and a portion of your savings while still qualifying for benefits.
There’s also the five-year look-back rule, which means Medicaid reviews financial activity going back five years. Any large gifts or transfers made during that time can affect eligibility. That’s why it’s essential to seek guidance before submitting an application or making financial changes.
And if your loved one is already in a nursing home, it’s not too late to plan. Many people are told by family, friends, or sometimes even medical professionals, that nothing can be done to protect assets if someone is already in a nursing home, and that’s simply not true. Even in urgent situations, an elder law attorney can often help you qualify for Medicaid faster and preserve as much as the law allows for your family.
At the Law Office of Glenn A. Deig, we’ve helped hundreds of Indiana families through this process. We understand the stress you’re feeling, and we’re here to guide you every step of the way. Call or text 812–423-1500 to schedule a free consultation to discuss the details of your case.
At the Law Office of Glenn A. Deig, we’ve helped hundreds of Indiana families through this process. We understand the stress you’re feeling, and we’re here to guide you every step of the way. Call or text 812–423-1500 to schedule a free consultation to discuss the details of your case.