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
ABLE Accounts Changes From Tax Act You Should Know About
If you have a loved one with disabilities, you may be familiar with ABLE accounts, authorized by Congress in 2014 under the Achieving a Better Life Experience Act. States can offer ABLE accounts to help people who become disabled before… 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
Medicaid Bill Prevents Spousal Impoverishment for Home Care Coverage
Spousal impoverishment for the community spouse who stays at home when the other spouse is in a skilled nursing home is always an important issue. Members of the U.S. House house of representatives have taken a step toward extending some… Read More
Trump Administration Strengthens Nursing Home Oversight and Safety to Ensure Adequate Staffing
The following message was released on November 30, 2018, by the Centers for Medicare & Medicaid Services (CMS), a division of the Department of Health and Human Services, announced actions that will bolster nursing home oversight and improve transparency in… Read More
Long Term Care and Nursing Home Facts for Florida
Interesting Facts About Long Term Care In Florida Florida nursing homes are serving increasingly diverse patient base and providing a greater variety of acute care, rehabilitative and convalescent services that cannot be delivered elsewhere. Key Facts There are 683 licensed… 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