Long-term care in Illinois can cost $80,000-$120,000 per year or more, quickly depleting a lifetime of savings. Medicaid planning helps protect your assets while ensuring you qualify for benefits that cover nursing home care, assisted living, and home healthcare services.
Our network of Chicago Medicaid planning attorneys helps Illinois residents navigate complex eligibility rules, implement asset protection strategies, and apply for benefits correctly the first time.
Irrevocable trusts that protect assets from long-term care costs
Strategic asset conversion to meet eligibility requirements
Maximize assets the healthy spouse can keep
Immediate strategies when long-term care is needed now
To qualify for Medicaid long-term care benefits in Illinois, you must meet both financial and medical criteria:
Financial Requirements:
Medical Requirements:
Illinois has a 5-year look-back period for Medicaid long-term care benefits. Any asset transfers made within 5 years of applying can result in a penalty period. Working with a Medicaid planning attorney helps you navigate these rules legally and protect your assets.
In Illinois, individuals can keep up to $2,000 in countable assets, while married couples have different rules with spousal protections. Your home, one vehicle, personal belongings, and certain other assets may be exempt. An experienced Medicaid planning attorney can help maximize what you can keep.
Ideally, start Medicaid planning at least 5 years before you might need long-term care to avoid look-back penalties. However, even if you need care soon, crisis Medicaid planning strategies may still protect some assets. Consult with a Chicago Medicaid attorney as soon as possible.
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