The 5-year Medicaid lookback period, often shrouded in myths and misconceptions, plays a pivotal role in determining your eligibility for Medicaid benefits. Established as part of the Deficit Reduction Act of 2005 and effective from February 8, 2006, this rule…
Due to aging baby boomers and the influx of international migrants, the number of seniors in the United States is rapidly growing. Despite the slight decline in the US average life expectancy in the past three years, many Americans, both…
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…
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…