Avoid Nursing Home Medicaid Mistakes

“I didn’t know how stressful this would be.” This is a comment from a client of my firm who recently placed her Mom into a nursing home and is attempting to have Medicaid pay for the care. If you are in the process of applying for Medicaid benefits, you probably share this sentiment. A nursing home admission will result in tremendous financial stress for families. Nursing homes can cost more than $10,000 per month and

The New Choices Waiver Provides More Choices Than You May Have Realized

Choices…they are sometimes difficult to make but we’re sure glad when we are offered more than one. When age robs us of physical strength, balance, quick memory recall, agility and energy and we must turn in our car keys, our choices can feel frustratingly limited. For individuals receiving Medicaid benefits who have been in a nursing home for at least 90 days, more choices may exist than you are aware of. The New Choices Waiver

Some Basic Guidelines for Long Term Care Medicaid

For most families who are considering the necessity of more care for their loved ones, the costs for advanced care can be extremely scary. The State offers a program, Long Term Care (LTC) Medicaid, which will assist in paying for the care your family member may need. The individual needing care must meet a functional, nursing home level of care which will be assessed by a qualified case manager with the county. This does not

The Medicaid 5-Year Look Back Period Explained

There is nothing in Medicaid Law that causes more confusion than the 5-Year Look Back Period. Many people mistakenly believe that you can’t do any planning within 5 years of needing care. This isn’t exactly true. Here’s how the Look Back Period Works: If you go into a nursing home and want to apply for Medicaid benefits to pay the bill, you must be below the low asset thresholds. Many families try to transfer assets

Can I Preserve Assets and Still Qualify for Medicaid?

Meet Charlie and Fran.  They have three children, 9 grandchildren and 3 great grandchildren.  They have worked hard and enjoy life on their small family farm.  This place is important to their entire family.  As they age, they realize that if either one of them needs Long Term Care, that their property and other assets could be at risk. They need accurate information they can trust so that if Long Term Care needs come on

Medicaid…Did You Know?

Did you know the Medicaid Rules have dramatically changed? More than ever, you need to plan ahead to protect your assets from the increasing costs of long-term care. The Top 7 Mistakes People Make with Medicaid Qualification 1. Thinking it’s too late to plan. It’s almost never too late to take planning steps– even after a senior has moved to a nursing home. 2. Giving away assets too early. First, it’s your money (or your