Category archives: Long-Term Care Planning
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2 years ago
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Medicaid applicants must prove that they have limited income and assets in order to be eligible for long-term care services. Before beginning the application process, it is helpful to understand what information you will be required to provide to prove your eligibility.
Medicaid is a state-ru... [read more]
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2 years ago
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There is no doubt about the fact that we are living in very uncertain times. The ongoing effects of the Coronavirus pandemic, international conflict, and economic conditions are causes of great concern. There's much that seems out of our control, and fortunately, there's much we can do to help ourse... [read more]
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2 years ago
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As with any discussion that involves politics, a discussion about US presidents risks generating a variety of opinions about which reasonable minds can disagree. However, politics is not the focus of this article. Instead, our aim is to examine a few of the important lessons we can learn from the es... [read more]
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2 years ago
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When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the spouse who is not in the nursing home (called the "community spouse") may pass away first. This is because the community spouse's death may make the spouse in the nursing home i... [read more]
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2 years ago
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February reminds us of the importance of love in our lives. One way that you can demonstrate your love for your family is to help relieve stress and any unnecessary hardship by being prepared for the future and the difficult realities of life.
This year, as we celebrate Valentine's Day, I encoura... [read more]
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2 years ago
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The Biden administration is moving forward with a Trump-era pilot program that would hand over the care of millions of Medicare beneficiaries to private, mostly for-profit, groups.
Health care advocates warn that that the little-known plan will limit patients’ choice of providers and effectiv... [read more]
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2 years ago
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Vaccines can become less effective over time. Even individuals fully vaccinated as children may need to update their immunizations. Medicare Parts B and D offer vaccination coverage.
Medicare Part B covers shots for the flu, hepatitis B, pneumococcal (pneumonia), and COVID-19. Medicare covers 100... [read more]
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2 years ago
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Anyone who gifted assets within five years of applying for Medicaid may be subject to a penalty period, but that penalty can be reduced or eliminated if the assets are returned.
In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to mo... [read more]
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2 years ago
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When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home.
Whether you are applying for nursing home coverage or through a Medicaid waiver program for coverage a... [read more]
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2 years ago
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One of the top reasons many of our clients give us for creating, or updating, their Estate Plans is to have peace of mind for themselves and their families and loved ones. By addressing practical concerns, such as protecting their families in the case of an emergency or death, and being proactive ab... [read more]
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2 years ago
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When most of a couple's income is in the name of the spouse who is receiving Medicaid, the spouse remaining in the community may wonder what he or she will live on. Medicaid has created some protections for the community spouse.
Although Medicaid limits the assets that the spouse of a Medicai... [read more]
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2 years ago
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Every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare's Open Enrollment Period, which runs from October 15 to December 7, beneficiaries can freely enroll in or switch plans.
D... [read more]
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