Medi-Cal Planning Network

The Medi-Cal Planning Network

WELCOME

ESP Financial Services, LLC is one of a hand full of California financial services firm that specializes in helping families qualify for Medi-Cal benefits through the use of Medi-Cal Compliant Annuities and many other planning tools. With more than 26 years of experience, ESP Financial Services, LLC has become one of California's best resources in providing Medi-Cal applicant solutions.

If you are an elder law attorney or concerned family member, and you want to qualify someone for Medi-Cal benefits but are confused about all of the rules, you need to work with us.

What is Medi-Cal Planning?

Medi-Cal eligibility is determined by the amount of income and resources available to the applicant. Therefore, Medi-Cal Planning involves the purchasing, transferring, conversion and/or liquidating of assets to enable you or your loved one to qualify under Medi-Cal's 2-prong test of income and resources.

Is this Legal?

You bet! Due to changes in Federal Laws enacted in 1996, almost anyone can qualify under Medi-Cal's eligibility tests. This is done by working within the Medi-Cal rules, and the planning may be different for one individual to the next. It all depends on your own personal set of circumstances and objectives.

In fact, the Department of Health Services (DHS) makes the Medi-Cal applicant sign a declaration that he is aware that such is possible - the "Notice of Spendown."

However, the Medi-Cal rules are very complex, and change every year. Since an improper transfer may result in a period of ineligibility up to 5 years, please consult with a qualified professional before attempting to qualify for Medi-Cal benefits.

Rod S. Hormell
Registered Investment Advisor
CWPP,CSA,MMB
Todd Shillington
Senior Planner

Professional Guidance and Education

As a result of his foresight, innovative ideas, and unique Medi-Cal product solutions, Mr. Hormell has earned the distinction of being called a "Pioneer of Medi-Cal Planning." In order to maintain this distinction and grow his practice, Mr. Hormell is continuously educating his staff on the Medi-Cal rule changes that impact California. At the same time, in order to keep his Medi-Cal products relevant to the times, Mr. Hormell has established key relationships with marketing executives of major insurance companies, providing the right path for prospective Medi-Cal recipients to maintain their assets without impoverishing the stay-at-home spouse.

Long-Term Relationships

Rod and Todd, at ESP Financial Services, LLC, place great value on maintaining the professional relationships that have been built over the years. Additionally, whenever possible, ESP Financial Services, LLC, will provide referrals to those professionals who have helped them to build their Medi-Cal planning business.

The Medi Cal Qualification & Application process can be a confusing and emotional process. With the rigid guidelines for qualification as established by California's Department of Health Care Services, one simple mistake could cost you and your family thousands of dollars. It is critical that you have trusted professionals and an experienced team working for you if you want to protect your estate to the maximum allowed by law. Most of our clients are astonished with how much they can legally protect.