People may have Medicare and other insurance simultaneously for several reasons.
As part of the Medicaid redetermination process, the agency evaluates a beneficiary's eligibility to continue receiving Medicaid benefits. Typically, this process occurs annually. However, during the pandemic, the federal government enacted the Families First Coronavirus Response Act (FFCRA), requiring continuous Medicaid enrollment…
Several decades ago, Congress created safeguards to protect the savings of married couples using Medicaid. These protections prevent husbands and wives from bankrupting themselves funding care for their loved ones. They originally required states to allow spouses of nursing home…
In the United States, Medicaid offers health insurance to low-income families and individuals. Due to the high cost of long-term care, Medicaid planning is becoming more popular as an alternative to spending down assets to qualify for benefits for people…
It is possible for both spouses to claim Social Security Disability Insurance (SSDI) benefits, but each spouse must meet the eligibility criteria on their own. SSDI benefits consider the work history and earnings of each person who has worked and…
Annuities are financial products that pay a set amount each year, generally throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase…
In the United States, Medicaid is a public health insurance program that provides comprehensive coverage for health care and financial assistance to millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and…
Your home may be the most valuable asset you own, which is true for many people. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and…
To receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the threshold requirements of limited income and assets. Because of these rules, many candidates give away their…