Financial planning for WA diabetic
originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q: I'm trying to help my 27 year old son, insulin dependent, self employed, who lives in Washington state--we need some "medicaid/ insurance planning" consultation--he may be very eligible. Are you the one?? Or could you recommend someone or someplace else for a Washington resident? Please contact me and help me choose a course of action.
A: Fortunately, Washington state is one of the easier locations to find guaranteed-issue individual health insurance for people like your son. Of course, that does not mean that the coverage is affordable for working people or that this state-mandated plan offers the best available medical benefits. Professional financial planning help is useful when there are other assets (a home or financial accounts) that might be protected from a Medicaid claim. Although an adviser may not specifically tailor advice to avoid Medicaid claims, this is usually the side-benefit of good financial planning. In your son's case it is straightforward: if there are financial assets then hire OnlineAdviser immediately for a preliminary planning session; if not, then do not bother and just apply directly to the local welfare office for medical benefits.
Summary
More resources:
www.FreedomBenefits.net