medicaid planning with annuities by C. Randolph Coleman Jacksonville Florida elder law attorney and medicaid planning lawyer

The Use of Immediate Annuities in Medicaid Planning for Married Couples

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. But while immediate annuities for Medicaid planning work in Florida, they may not work in…

ABLE accounts help disability planning for elder law attorneys and Medicaid planning lawyers in Jacksonville, Florida

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 age 26 and their families save and pay for disability-related expenses. These expenses include housing,…

medicaid planning lawyer and elder law attorney in jacksonville, florida

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 of the financial protections provided to seniors receiving long-term care in home or community settings.…

experienced Florida elder law attorney medicaid planning lawyer in jacksonville florida

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 nursing homes in Florida, representing approximately 83,587 beds (Souce: Agency for Health Care Administration) The estimated…

cost of long term care from elder law attorney medicaid planning lawyer in jacksonville, florida

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 2016, published December 27, 2017, in Health Affairs, found that total healthcare spending in the…

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