Medicaid

When a person requires full nursing home care, is in a qualified care facility and has insufficient funds to pay for care, Medicaid becomes an immediate reality. The care recipient (a) requires long-term care, and (b) meets all eligibility criteria for Medicaid coverage because of the limited financial means. Since nursing home Medicaid has no […]

Nursing Home Level of Care 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? […]

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 independently […]

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 […]