In order to receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care, an individual must meet the income and asset threshold requirements. Due to these rules, many candidates have to…
In the event a loved one might require Medicaid assistance in the foreseeable future, that person should not give a gift. For the person who gets pleasure from giving gifts, this can be difficult. In such a situation, gifts can…
If you believed Medicaid planning meant adhering to strict asset and income limits to obtain long-term care coverage, think again. Furthermore, you will have to be able to prove that you need the level of care typically provided in a…
Whether you have concerns about the health and financial welfare of the future or have an older adult loved one in your life, an elder law attorney can optimize your planning. Elder law is a highly specialized area of law…
When it comes to inheritances and Medicaid, 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. What “careful”…
Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their loved ones. Medicaid is a joint federal and state program available…
Medicaid is a joint federal and state program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those…