Medicaid

One of the questions family members or loved ones have is: My loved one has needs, but I am not sure that he or she needs full skilled care in a skilled nursing facility yet. How can I know when care needs have reached a point to consider long-term care? Or do we need to […]

Long-term care requires full financial awareness for the care recipient and/or the individual’s family. Typically, long-term care is only paid for in a limited number of ways: private pay, long term care insurance, or through Medicaid eligibility. Neither Medicare nor private health insurance pay for long-term care costs. For almost all families who are not […]

Another common Medicaid planning tool used to achieve nursing home Medicaid eligibility more quickly (while preserving assets) is through the purchase of a Medicaid Compliant Annuity. Unlike Medicare, Medicaid eligibility requirements do include analysis of the applicant’s assets, and asset limits do apply. When employing a Medicaid Compliant Annuity, assets normally designated as spend down […]

Another common Medicaid planning tool used to achieve nursing home Medicaid eligibility more quickly (while preserving assets) is through the purchase of a Medicaid Compliant Annuity. Unlike Medicare, Medicaid eligibility requirements do include analysis of the applicant’s assets. When employing a Medicaid Compliant Annuity, assets normally designated as spend down assets for long-term care purposes […]

When contemplating searching for assistance on the long-term care journey for a loved one, we certainly hope you will consider QMC to walk you through the process, ensuring a smooth and error-free journey. QMC specializes in assisting clients with spend down, asset organization, asset liquidation, financial planning and placement (ensuring a perfect resident-care facility fit). […]

When a person enters long-term care in a nursing home, if they insufficient assets to pay for the full term of their long-term of their long-term care and healthcare. If so, that resident and the resident’s family members must contemplate the prospect of filing a nursing home Medicaid application. The application is made to the […]