Low-income families and individuals can obtain health insurance through the US Medicaid program. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending…
Homeownership is a dream that every American strives for. Owning a home is often the most significant and valuable possession in someone's life. So when health begins to fail and the need for long-term care arises, we often get this…
If you believe that you will not be able to qualify for long-term care benefits due to Medicaid's strict income and asset limits, you might want to consider thinking again. If you currently demonstrate the need for nursing home facility…
A person who might need Medicaid assistance in the near future should not give gifts to a loved one. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn out to…
Individuals meeting certain asset requirements for Medicaid can use the program to pay for long-term care (LTC). Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and…
When it comes to inheritances and Medicaid, mistakes can be made, and 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…
Many elderly Americans suffer from Alzheimer’s disease, a progressive neurologic disorder marked by a steady decline in cognitive, behavioral, and social skills. Initial symptoms are often mistaken for normal aging and include problems with language, mood swings, disorientation, loss of…
Envision your spouse having Parkinson’s disease and lives in a nursing home. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t want your…
Inheritances can become costly with regard to Medicaid. 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” means, though, can…