In this video, our founding Attorney Michelangelo Mortellaro of Mortellaro Law walks you through exactly what you need to prepare for your initial Medicaid benefits consultation.

What You’ll Learn:

Income Documentation Requirements:

• Social Security benefits amounts
• Pension payments
• Rental and dividend income
• Required minimum distributions from retirement accounts (IRAs, 401Ks)
• How income caps work and available strategies for high-income applicants

Asset Information You’ll Need:

• Bank accounts (checking, savings, money markets, CDs)
• Investment accounts (stocks, bonds, mutual funds)
• Annuities and their annuitization status
• Life insurance policies with cash values
• Strategies to protect assets without losing benefits

Medical Needs Assessment:

• Activities of daily living requirements
• Physical and cognitive challenges
• How medical needs affect Medicaid priority status

Key Takeaways:

• Medicaid will review all income sources that appear on your tax return
• There are legal strategies to reduce income above Medicaid caps
• Life insurance cash values count as assets but can be protected
• Recent financial statements help expedite the consultation process
• Professional guidance can help protect assets while securing benefits

Important Documents to Bring:

• Recent bank statements
• Investment account statements
• IRA and retirement account information
• Annuity documentation
• Life insurance policy details

Do not let the complexity of Medicaid planning overwhelm you. This video provides the roadmap you need to come prepared and make the most of your consultation time with us.

We look forward to meeting with you soon!