Medicaid Planning Protects Your Home
An Elder Law Attorney’s Strategic Medicaid Planning
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…
Medicaid: An Overview
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…
The Benefits of Medicaid Planning for Your Home
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…
Medicaid Eligibility for Nursing Facility Level of Care
You might want to rethink your understanding of Medicaid planning for long-term care coverage if you thought it only included meeting strict income and asset limits. You will also need to demonstrate you need the level of care typically provided…
Medicaid and Gift-Giving Can Be Costly
When there is a chance that you or a loved one may need Medicaid assistance soon, it is not the time to be giving gifts. This can be unfortunate since many get joy out of generosity. But gifts in that…
Will I Lose My Home Because of Medicaid?
Since part of the American Dream is home ownership, people understandably work hard all their lives to own a home. It is often their most valuable and significant possession. So when health begins to fail and the need for long-term…
Planning Ahead is Crucial for Inheritances and Medicaid
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…
Why Medicaid Matters When Your Ill Spouse Leaves Home
You may see it coming, but realizing you just can’t take care of your ill spouse at home any more can become a very challenging situation. At this emotionally difficult time, the last thing you need is the stress of…