These are tips from a seminar on Medicaid planning.

1. Medicaid Planning Tips for Protecting
Your or Your Parent’s Assets
October 2017
1. What financial options are available to you or your parents depending on where they are
receiving care (PACE, MI Choice, Medicaid, and VA Aid and Attendance).
2. What are the financial eligibility rules for PACE, MI Choice, and Medicaid.
3. If your widow or widower parent is admitted to a nursing home, what Medicaid planning can
still be done to protect approximately half of the financial assets.
4. If your parents or spouse is receiving medical care at their home, in assisted living, or in
nursing home, a Medicaid annuity may be the best tool to avoid a spend down.
5. If your parents or spouse may not need medical care for five years, considering setting up a
Medicaid protection trust to preserve those transferred assets.
6. If one of your parents or your spouse passes away, what options are there to preserve
financial assets to pay for their house if they need care in assisted living or a nursing home.
Haans Mulder Jessica Arends
phmulder@cunninghamdalman.com jessica@cunninghamdalman.com
321 Settlers Road, Holland, Michigan 49423
Phone: (616) 392-1821 | Website: www.cunninghamdalman.com