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When facing the difficulty of long-term care, we can help protect your Family's assets.

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Ohio's #1 Choice for Long-Term Care Medicaid Planning with Over 20 years of Experience Protecting Families Assets

Dealing with a loved one in a nursing home can seem overwhelming, but

Slates Financial Services CAN HELP!

Medicaid planning is for everyone, single, married, widowed or widower, who needs long-term care and does not have enough monthly income to pay for care. There are multiple strategies that can help protect assets from the long-term care spenddown.  You don't have to navigate these complex benefit rules alone.  


Where should you start?  What should you do? Our team at knows the answers! Protecting assets from the long-term care spend-down requires skill and our firm has a deep bench.



Become Eligible For OH Medicaid While


The need to plan for nursing home care can arise from an unexpected medical crisis or from the early diagnosis of a slowly developing ailment. Without sound Medicaid Specific Financial advice, people in this situation can make poor decisions that can consume their life savings and lead to significant financial hardship.

At Slates Financial Services, we help people make the right decisions about their assets and nursing home care to avoid costly mistakes. We have helped countless individuals safeguard their assets, while becoming eligible for assistance with long-term care from Medicaid. Don't hesitate to contact us for your free consultation.

Are You Eligible For Long-Term Care


To qualify for LTC Medicaid, a person must:

  • Be eligible for a nursing facility – Those who are already receiving nursing home care will likely
    already qualify for this point. For others, Medicaid will assess whether or not they need to be in a nursing home before making any approval.

  • Not have too much income.

  • Have only assets that don’t exceed what’s allowed, or that are not counted towards eligibility.

  • Not give away assets in order to avoid funding their own care – Medicaid asks that patients first exhaust their money on their own care before applying for coverage. Any assets given away five years prior to applying will hurt that person’s ability to receive care, money given away without receiving a benefit in return. 


Slates Financial Services ​can help determine the best strategy to use and guide you through every step of the process.  Contact us today for a free consultation.

Ohio Medicaid Planning for 


LTC Medicaid planning is not just for married couple, but is greatly beneficial to single individuals. Medicaid eligibility for a single person involves creating a unique tailor-made asset protection plan for each individual.  An assessment is needed of their assets and income, and prior gifting within the five year look-back period to determine the best strategy to use. We are able to protect roughly 50% of a single individuals assets from being spent down.

A spend down is usually required in order for the individual to qualify for Medicaid.  Depending on your monthly income, you are able to keep $2,000 in countable assets.  Countable assets include bank investments, investment accounts, life insurance policies, multiple automobiles, and non-primary residence real estate. 

We are experienced in helping many people navigate the process and protect the largest amount of assets the Medicaid Rules Allow.  Contact us today for a free consultation

Ohio Medicaid Rules for 


One spouse in the couple often requires care before the other spouse. The partner who does not yet require long-term care is known as the community spouse.  It is possible to protect roughly 100% of the marital assets for the community spouse so that the institutionalized spouse becomes eligible for Medicaid without financial devastation. The community spouse can keep his or her income and it does not have to be spent on the nursing home spouse like their combined assets.

Medicaid rules allow a Community Spouse Resource Allowance ("CSRA") that protects a certain portion of assets for the individual still living at home. There is a formula specific to each couple that applies for Medicaid assistance and the protected amount can range from $30,828 to $154,140. The CSRA calculations can be extremely complicated, so we encourage you to contact us for a free consultation and we will help you determine your protected amount and how to protect the rest of your assets. 

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