Medicaid Eligiblity Archives | Grady H. Williams, Jr. LL.M, Attorneys at Law

Category archives: Medicaid Eligiblity

How Does Medicaid Treat Income?
2 months ago
The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home. The deductions include a $60-a-month personal needs allowance (this amount may be somewhat higher or lower in your state), a deduction for any uncovered medica... [read more]

How Parents Can Provide for a Caregiver Child
1 year ago
Taking care of a parent can be a full-time job. Children may have to give up paying jobs in order to provide care to aging parents. Unfortunately, caregiving is usually unpaid work. Parents who want to compensate a child who takes on the burden of caregiving may do so in one of several ways. Ca... [read more]

What is Medicaid?
1 year ago
We're often asked by clients exactly what Medicaid is; and if Medicaid benefits can help them cover the cost of long-term care. Our answer is that Medicaid is a needs-based public assistance program. People who properly apply and qualify for Medicaid can use these benefits to cover the high cost ... [read more]

What Can a Special Needs Trust Pay For?
1 year ago
A special needs trust is designed to provide a person with a disability the funds to enhance her quality of life while at the same time allowing her to remain eligible for needs-based public benefits. Government programs like Medicaid and Supplemental Security Income (SSI) provide essentials, such ... [read more]

Protecting Your House After You Move Into a Nursing Home
1 year ago
While you generally do not have to sell your home in order to qualify for Medicaid coverage of nursing home care, it is possible the state can file a claim against your house after you die, so you may want to take steps to protect your house. If you get help from Medicaid to pay for the nursi... [read more]

What Is an ABLE Account? An Introduction
1 year ago
Since the passage of the Achieving a Better Life Experience (ABLE) Act in 2014, tens of thousands of people with disabilities have opened up new, special tax-free savings accounts to save for disability-related expenses. These accounts, popularly known as ABLE accounts, allow many people with disabi... [read more]

Wishing You And Your Family Happy Holidays and A Happy New Year!
1 year ago
As we enjoy Celebrating Christmas and the Holiday season this and next week, our attorneys are seeing a few clients by appointment, but our offices are closed to allow us to spend time with our families and loved ones. With the end of 2018 upon us, and a New Year approaching, we want to take a momen... [read more]

Gifts to Family Members Can Affect Medicaid Eligibility
1 year ago
One question we are often asked by clients is if giving financial gifts to their family members will affect them adversely if they need to apply for Medicaid to cover the cost of nursing home care. Our response is that while current federal law permits gifts up to $15,000 annually, per individual, w... [read more]

Can I Give My Kids $15,000 a Year?
2 years ago
If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $15,000 figure is the amount of the current gift tax exclusion (for 2018), meaning that any person who gives away $15,000 or le... [read more]

Grady H. Williams, Jr., LL.M., Attorneys at Law, P.A. Open Local Office in Julington Creek
2 years ago
To better serve our clients and their families who live or work in Julington Creek, St. Johns, Fruit Cove, Switzerland, Orangedale, Mandarin, and surrounding areas, we have opened a local office conveniently located in the Julington Creek Business Park at 12627 San Jose Boulevard, Suite 102-A, Jacks... [read more]

Promissory Notes and Medicaid
2 years ago
A promissory note is normally given in return for a loan and it is simply a promise to repay the amount. Classifying asset transfers as loans rather than gifts can be useful because it sometimes allows parents to "lend" assets to their children and still maintain Medicaid eligibility. Before ... [read more]

SSA Gives Guidance on the Use of Prepaid Debit Cards by Special Needs Trust Beneficiaries
2 years ago
Trustees of special needs trusts are increasingly relying on “administrator-managed prepaid debit cards,” such as True Link cards, when disbursing funds to beneficiaries. These cards offer trust beneficiaries greater independence and the ability to get what they need more quickly. But such cards e... [read more]