What Documents Are Required for a Medicaid Application?
Medicaid applicants must prove that they have limited income and assets in order to be eligible for long-term care services. Therefore, before beginning the application process, it is helpful to understand what information you will be required to provide to prove your eligibility. Medicaid is a state-run program, so the rules can vary from state […]
You ‘Cure’ a Medicaid Penalty Period by Returning a Gift
Anyone who gifted assets within five years of applying for Medicaid may be subject to a penalty period, but that penalty can be reduced or eliminated if the assets are returned. In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home […]
Using Estate Planning to Prepare for Medicaid
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end up paying for nursing home care […]
Using Estate Planning to Prepare for Medicaid
Careful planning in advance can help protect your estate for your spouse or children. If you make a plan before you need long-term care, you may have the luxury of distributing or protecting your assets in advance. This way, when you do need long-term care, you will quickly qualify for Medicaid benefits.
What To Do With Your Stimulus Check if You Are in a Nursing Home
As the second round of stimulus checks goes out, it is important to know that nursing home residents are not required to turn their checks over to their nursing home. And Medicaid recipients need to spend the cash within a year if it puts them over Medicaid’s resource limit. In December 2020, Congress approved $600 […]
How Your Stimulus Check Affects Medicaid Eligibility
The pending approval of a second round of stimulus payments under the Senate’s HEALS Act provides a good reminder of how the first wave of payments was calculated. The coronavirus relief bill includes a direct payment to most Americans, but this has Medicaid recipients wondering how the payment will affect them. Because the payment is […]
Millennials are the new "Sandwich Generation"
Baby Boomers are aging out of the “Sandwich Generation”
CMS's Updated Financial Guidelines for Community Spouses in 2020
The Centers for Medicare and Medicaid Services have just released their guidelines regarding the “community spouse” for 2020. A “community Spouse” is the spouse of a Medicaid recipient who is living in a nursing home. There is an allowance threshold that applies to the community spouse, known as the CSRA or community spouse resource allowance […]
New Rule to Take Effect in September 2019 Repeals Ban Initiated to Retain Nursing Home Residents’ Health and Safety
Nursing homes have you sign a multitude of documents as a part of the admissions process. One of those documents- banned under President Obama, is called an Arbitration Agreement. By signing these agreements, patients or family members gave up their right to sue if they believed the nursing home was responsible for injuries or the […]
How to Choose the Right Home Care Provider
Aging in place is the goal; wanting to stay in our homes as long as possible is the quintessential decision one can make. One of the hardest choices to make is selecting the appropriate in-home provider for your loved one and yourself. There are many criteria from which to choose. The first would be what […]
