Having a loved one experience a health event that may prompt more intensive care presents a lot of unique challenges for all family members. It can be a confusing and frustrating time with limited decision-making options. Given the rules regarding the Medicaid look-back period, it can be difficult to maximize asset protection and get the most out of planning ahead for Medicaid. 
The reality is that for many families, the first time they consider Medicaid planning is during a time when it’s too late to make advanced planning strategies work. No one wants to think about health deterioration for a loved one or themselves, however, doing so can help to ensure that someone does not have to spend down their own assets in significantly prior to qualifying for Medicaid.
Meeting with an attorney years before considering Medicaid has a lot of benefits. It allows you to consider how you’ll handle your assets now and increases the chances that you’ll be able to pass on assets to loved ones while also having some peace of mind about your own health needs. If you’re nearing retirement age, now is a good time to have an initial consultation about advanced Medicaid planning. This is because you’ll have more options and be able to have greater flexibility with your choices.