The only “Pre” Medi-Cal planning you should do is to make sure your affairs  are  in  order  for  a  spouse,  child,  or  friend  to take care of your financial and health care decisions.   This  can  be  done with  a  financial power of  attorney  and  a durable power of  attorney for health care.   Be sure you have all  your  financial  papers gathered  together and  in order,  thus making it possible to document your assets and liabilities.

Medi-Cal Specialist for Nursing Home Care

Should I Do “Pre” Medi-Cal Planning?

All of  the planning and  financial adjusting  that needs to be done for Medi-Cal can be completed up to the day before application.  The Social Service  Department  is  very aware of annuities and how  they are being utilized to qualify individuals for Medi-Cal.   It  is not  going  to affect  their feeling on your case by  purchasing  an  annuity  one  year  or  one  week

prior to application.    Don’t   be  fooled  by  those  who  are  only interested  in  a  quick  commission!

There are those who would like to help you “pre-plan” by rearranging assets,  purchasing  annuities,  and/or  charging  you  for  a  “Medi-Cal financial plan”  months or even  years  before  the  need arises.   This  is usually unnecessary and very risky. The fact  is  you may never need

to  be  in  a  skilled  nursing facility.   Therefore, you may have transferred assets for no reason.   Secondly,  Medi-Cal  laws  could  change  leaving

you  high  and dry  with  an annuity  that  may not meet your needs.   In the event  an annuity  becomes the  most viable alternative for your particular situation,  it  is  imperative that  the correct annuity be purchased to meet the Social Service Department regulations.

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