Medicaid long-term care benefits traditionally pay mainly for nursing home care, but the federal government can grant “waivers” to states allowing them to expand Medicaid to include home and community-based services. The downside is that receiving care in a nursing home is an entitlement, Continue reading
Category: Medicaid Planning
Costly mistakes can be made when it comes to inheritance and Medicaid. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What “careful” means, Continue reading
To qualify for Medicaid eligibility of long-term care, you must satisfy very complicated financial eligibility rules—rules that often can be traps for the unwary. One of the most significant traps is Medicaid’s right to recover its expenses from your estate after you die – a practice Continue reading
Most Americans are getting direct payments from the federal government known as “stimulus checks” as part of the coronavirus recovery effort. This money is paid to ease the pain of the Covid pandemic and to jump-start the economy.
The stimulus money should have arrived in the same Continue reading
Many people who work within healthcare may recognize the acronym LASA, which stands for “look-alike-sound-alike” and is usually seen when referencing medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work Continue reading
Homeownership is the American Dream. People work hard all their lives to own a home, and it is often their most valuable and significant possession. So when health begins to fail and the need for long-term care arises, we often get this fear-filled question from our clients: will Continue reading
Mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly.
When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. Continue reading
The cost of nursing-home care for a seriously ill or injured person is extremely high.You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet either, if you’ve heard horror stories about skyrocketing premium Continue reading