Medicaid Spend Down Planning

When you go into a nursing home and want Medicaid to pay the bill, you must be below the government’s asset thresholds. Unfortunately, you essentially must go broke before the government will help pay for your care. When someone with assets goes into a nursing home, they must pay privately for care or take other legitimate actions to get the countable assets low enough for eligibility. The process of decreasing assets to become eligible for

What is Medicaid Planning?

I am often asked “What is Medicaid Planning?” Let’s break that down. Medicaid is a government program that unlike Medicare will pay for long term care costs in a nursing home, however, it has strict financial limits. Medicaid planning is simply the process of acquiring Medicaid eligibility while preserving as many of your assets as possible. I’d like to take this opportunity to answer a few of the most common questions that I get: How

7 Best Kept Secrets For Financing Home Care

Families need to understand their options when it comes to paying for senior care, but first, it’s important to understand the level of care you need. Senior care in the home can range from a couple of hours of help per week to 24-hour skilled nursing care. You may think that Medicare is the only option for long-term care, but Medicare only covers nursing and clinical care for acute conditions, usually following a stay in