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Expert Guidance on Prepaying Funeral Expenses for Medicaid Eligibility
As trusted professionals in the funeral profession and pre-planning fields, we understand the complexities involved in qualifying for Medicaid. Prepaying for funeral expenses is a valuable strategy to help clients reduce their countable assets, enabling them to meet Medicaid eligibility requirements.
How It Works:
- Clients can enter into an irrevocable contract to prepay funeral and burial expenses, ensuring the funds are protected for future use.
- These prepaid funds are considered exempt assets under Medicaid guidelines, meaning they will not impact eligibility.
- Funds can be used for essential funeral services, including embalming, clothing, flowers, and more.
Michael Vito Grandi CFSP
Vice President of Operations, Medicaid Spend Down Expert
Planning Ahead for Your Clients:
- Our experienced team works closely with attorneys and their clients to create prearranged funeral plans that align with both Medicaid requirements and the client’s personal wishes.
- This approach helps clients protect their assets while providing peace of mind that their family will have one less thing to worry about during a difficult time.
Specific Considerations:
- Working with an expert is essential because the plan must be Medicaid compliant.
- Medicaid caseworkers may review funeral contracts to ensure the prepaid funds are fully funded and meet Medicaid standards.
Flexible Consultation Options:
- With 14 locations, we are available to meet with clients at their convenience, whether in the comfort of their home, at their attorney’s office, or at one of our locations.
For more information on how we can assist your clients in planning for funeral expenses and Medicaid qualification, please contact us or schedule a consultation.
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Funeraria Hernandez goes over and beyond for families during this grievous time Their professionalism exceeds to excellence everyone who walks through their doors are given the utmost respect and professional services Thank God for Funeraria Hernandez