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How we work - your Florida Medicaid Application
Our Service
Medicaid Information Resource (MIR) is a privately held Medicaid
Planning company serving FL residents for the past seven years. During
that time, we have not had a single case denied. We understand the
Florida Medicaid rules because this is all that we do.
How we work
MIR offers a free telephone consultation to all
prospective clients. Usually we are contacted by a family member. In
this initial conversation we learn about the nursing home resident and
their family. We also gather facts about the Medicaid applicant’s
finances to get a snapshot of their situation. Then the Medicaid
Counselor will preview some strategies that will help to preserve the
assets and qualify them for Medicaid sooner. Usually the family member
learns some valuable information in this very first phone call.
Specifically, here are some of the matters we assist families with:
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Set up
Irrevocable Income Trusts for applicants whose income
exceeds legal limits
- Help the community spouse receive the
highest spousal income
possible
-
Restructuring assets to preserve them
- Alleviate penalties caused by
gifting
- Handle issues related to other real property
(land and rental property)
How we are compensated
We are compensated in two ways.
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At the family’s
request, we can be the “Designated Representative” for the Medicaid
applicant. In doing this, we step in on behalf of the family and apply
for Medicaid for the nursing home resident. Because of our experience
with the Medicaid Application Process and our track record of success,
many families opt for this service. Given the time and effort involved,
our fee for being the Designated Representative is very reasonable.
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Oftentimes,
financial products are used as vehicles to preserve assets. We earn
commissions from financial institutions for placing assets in the
financial products. Sometimes an additional fee may be assessed
depending on the complexity of the individual family plan.
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