Seminar looks at 'Protecting Assets While Qualifying for Medicaid'

National Business Institute will present “Protecting Assets While Qualifying for Medicaid” on Friday, Feb. 21, from 9 a.m. to 4:30 p.m. at the Best Western Premier Detroit Southfield Hotel, 26555 Telegraph Rd.

Middle class Americans seeking asset protection cannot afford to ignore the potentially devastating costs of nursing home and other long-term care.

Nursing homes are among the most common and largest creditors an average American is likely to face in his or her lifetime, but only about 10% of the population has long-term care insurance. For the other 90%, Medicaid is the primary source of payment, so a basic understanding of the Medicaid asset protection process is vital for all professionals who work with seniors and their families.

This course will provide an overview of asset protection concepts and strategies that elder law attorneys can use to legally and ethically protect assets while facilitating earlier Medicaid eligibility; and a set of crisis-management tools to prevent and correct inadvertent loss of benefits.

Seminar attendees will learn how to:

• Discern what the income eligibility requirements are when applying for Medicaid.
• Protect clients’ interests by knowing what’s exempt and what’s not.
• Employ the most practical and effective asset transfer methods to comply with the spend-down requirement.
• Explore crisis planning methods to restore Medicaid benefits as quickly as possible.
• Guide clients through the Medicaid qualification process by knowing what’s involved.

This basic level seminar is designed for attorneys, nursing home administrators, social workers, geriatric care managers, trust officers, accountants and CPAs, estate and financial planners, and paralegals.

Cost for the seminar is $359 which includes audio CD and course book. To register, call 1-800-930-6182 or visit www.nbi-sems.com.

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