Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give the spouse a guaranteed income.… Read More
What’s Involved with Medicaid Planning? Is it Complex?
Is Medicaid planning complex? Sometimes, Medicaid planning can be easy. An example might be when there is a need for a Qualified Income Trust, for a nursing home resident who has spent down their assets to practically zero, and whose… Read More
Medicaid Planning, and Qualified Income Trusts, Are the Practice of Law
Frequently, we are asked whether the client can engage in Medicaid planning and the preparation of a qualified income trust, or Miller Trust, on their own. The short answer is that “yes” a person can do their own Medicaid planning… Read More
Medicaid Income Asset Limits for Eligibility for Nursing Home Benefits 2019
The following dollar amounts represent the Medicaid income and asset limits for 2019. If an individual exceeds these limits, they will not qualify for Florida Medicaid Institutional Care Program benefits, to help pay the cost of long term care in… Read More
Prevent Financial Exploitation of the Elderly Vulnerable Adult!
Sometimes called the “crime of the twenty-first century,” financial exploitation of the elderly is becoming rampant. Statistics show that one in every twenty seniors has been the victim of financial abuse of the elderly, according to the National Adult Protective… Read More
Four Reasons Why Giving Your Home to Your Children Isn’t the Best Way to Protect It From Medicaid
You may be afraid of losing your house to the nursing home, the State, or otherwise, if you must enter a nursing home and apply for Medicaid benefits to pay for the nursing home. While this fear may be well-founded… Read More
What Financial Protections Are Available for My Spouse When I Enter a Nursing Home and Receive Medicaid Benefits?
Often our clients seeking Medicaid benefits to help pay for nursing home care, or other long term care, are concerned about financial protections available to the stay at home spouse. They want to know how many assets or how much… Read More
Home Health Care Patients With Chronic Conditions Are Having Trouble Getting Medicare
Medicare is supposed to provide up to 35 hours a week of home care to those who qualify, but many Medicare patients with chronic conditions are being wrongly denied such care, according to Kaiser Health News. For a variety of… Read More
How Will Tax Reform Impact Seniors and Persons with Disabilities?
The Tax Cut and Jobs Act (TCJA) is now officially law. Both the House and Senate passed the new tax reform bill in December with straight party-line votes and no support from Democrats. President Trump signed it into law right… Read More
National Long-Term Care Spending Hits All-Time High at $163 Billion
Americans spent nearly $163 billion for long-term care in skilled nursing facilities and continuing care retirement communities (CCRC) in 2016, according to a recent U.S. Government report. The Centers for Medicare & Medicaid Services’ National Health Care Spending report for… Read More