Category archives: Medicaid
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1 week ago
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The Centers for Medicare and Medicaid Services (CMS) has issued new guidance on whether families can visit loved ones in nursing homes. The guidance allows indoor visitation even when the resident has not been vaccinated.
The coronavirus pandemic has hit long-term care facilities particularly... [read more]
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2 weeks ago
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Spring is definitely here, and in addition to enjoying the warmer weather, sunshine, and longer days, many of us are also Spring cleaning. Deep cleaning our homes, checking our refrigerators and pantries for anything out of date, clearing out clothing that doesn't fit anymore, weeding and removing y... [read more]
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1 month ago
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Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided.
Most long-term care involves assisting with basic personal needs rather than providing medical care. You ar... [read more]
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2 months ago
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Medicaid planning can be a difficult and confusing process. The following are some common mistakes people make when planning to apply for Medicaid.
Thinking it's too late to plan. It's almost never too late to take planning steps, even after a senior has moved to a nursing home.
Giving... [read more]
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2 months ago
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All long-term care costs rose sharply in 2020, but assisted living facility costs increased the most, according to Genworth’s latest annual Cost of Care Survey. The across-the-board rises were due in part to increased costs brought on by the coronavirus pandemic.
In the past year, assisted living... [read more]
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3 months ago
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We are living in a time of change and ongoing uncertainty. During the last month we experienced a change in U.S. government leadership from the Trump to the Biden Administration, and with this change comes the potential for new policies that may potentially affect many aspects of our lives, includin... [read more]
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3 months ago
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Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options.
Long-term care – care in a nursing home or at home -- may be paid for in four main ways:
Out-of-pocket. If y... [read more]
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4 months ago
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Do you need an attorney for even "simple" Medicaid planning? This depends on your situation, but in most cases, the prudent answer would be "yes."
The social worker at your mother's nursing home assigned to assist in preparing a Medicaid application for your mother knows a lot about the progr... [read more]
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5 months ago
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In some circumstances, immediate annuities can be ideal Medicaid planning tools for spouses of nursing home residents. Careful planning is needed to make sure an annuity will work for you or your spouse.
An immediate annuity, in its simplest form, is a contract with an insurance company under... [read more]
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5 months ago
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For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may not be such welcome news. Medicaid has strict income and resource limits, so an inheritance can make a Medicaid recipient ineligible for Medicaid. Careful planning is necessar... [read more]
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6 months ago
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The COVID-19 pandemic has been particularly devastating for nursing homes and their residents. Aside from the tragically disproportionate loss of life, care for surviving residents has been delayed or interrupted due to infection, facility lockdowns or other health system disruptions. In such cases,... [read more]
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7 months ago
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If you plan to move states, can you take your Medicare or Medicaid plans with you? The answer depends on whether you have original Medicare, Medicare Advantage, or Medicaid.
Medicare
If you have original Medicare (Plans A and B), you can move anywhere in the country and you should still be c... [read more]
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