Protecting Settlement From Medicaid

I understand your concern about not wanting assisted living to take your money from your settlement. Here are some general points that might be helpful:
- In Illinois, Medicaid can cover assisted living costs, but they may consider your assets for eligibility.
- Certain settlements may be considered income, affecting your eligibility.
- You might consider setting up a trust or other financial arrangements to protect your assets.
Would you like advice on setting up a trust or have any other specific questions?

In Illinois, the time it takes for Medicaid or assisted living facilities to assess your financial situation and potentially claim a portion of your settlement depends on various factors, including how quickly you report the settlement and the complexity of your financial arrangements. Setting up a trust or consulting with a financial advisor or attorney can help protect your assets and potentially expedite the process. Would you like information on how to set up a trust?

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It seems like you're already planning to consult an attorney, and that's a wise decision given the complexity of your situation involving potential compensation and assisted living arrangements. If you have any other questions or need further information, feel free to ask.