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Posts tagged "medical needs"

Medicaid planning must be realistic

For many in New Jersey, estate planning includes an estimation of how Medicaid will factor into one's later years. Medicaid provides many services to the American elderly population, such as covering the cost of doctor visits, medical procedures and medications. However, Medicaid is not a comprehensive solution for an individual's late-life medical needs, and there will be a great many expenses that are not covered under this national plan. In addition, qualifying for Medicaid can be tricky, and families should begin Medicaid planning well before the need to seek coverage begins, so that individuals can create a strategy for fulfilling all of their medical needs during retirement.