Medicaid Planning
As we have pointed out in previous blogs, applying for Nursing Home Medicaid can be tricky. There are assets an applicant can have which are ‘countable’ while others are ‘exempt’. Furthermore, there are Medicaid eligibility rules even within these assets which can get the applicant denied if not addressed properly by an experienced elder law…
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What is an asset? The dictionary defines an asset as “something that is owned by a person, company, or organization, such as money, property, or land.” In general, there are four broad classes of assets: Equities (stocks) Fixed income and debt (bonds) Money market and cash equivalents. Real estate and tangible assets. A house, like…
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Gray divorces, divorces involving spouses over the age of 50, have hit an all-time high in our country. Last week we shared some advice on estate planning needs when divorcing. This week we will help you figure out how a gray divorce can impact public benefits such as social security, nursing home Medicaid and VA…
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We are wrapping up our Medicaid journey. We have been able to explore many side roads, obstacles and rarely discussed long-term care programs along the way. In our weekly blogs we have spent time talking about: *2021 Eligibility Requirements and Changes * Applying for Nursing Home Medicaid in GA * Medicaid for Single People *Medicaid…
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As we wind down our Georgia Nursing Home Medicaid road trip, today’s detour is going to explore one of Medicaid’s less known but truly beneficial initiatives, Money Follows the Person (MFP). This program is designed to help individuals who are living in long-term care facilities like nursing homes as Medicaid recipients return to their homes…
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Nursing home Medicaid has basic eligibility rules that require the recipient to be either age 65 or over, blind or disabled. Unfortunately, we have seen an increasing number of families come to us because a family member needs long-term care at a “young” age. Many have early onset Alzheimer’s disease, Frontotemporal dementia or had a…
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Today on our Medicaid road trip, we are going to take a side road and explore Medicaid waiver programs that help cover the cost of long-term care. These programs offer an excellent alternative to institutional care in a nursing home by keeping people at home. As you have seen so far along our journey, Medicaid…
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We’re back in the car and have been traveling for quite a while. We are going to take a break from our road trip today to hike in the Grand Canyon. The scenery is amazing, and the exercise will do us some good. No worries though because while we are on the trail, we will…
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We’re back in the car again on our Medicaid road trip. The unexpected and treacherous weather in the U.S. during the past week has certainly slowed us down. It is similar to working through the Medicaid process. Sometimes it is a smooth road and other times there are obstacles and surprises. Last week we talked…
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What a beautiful day for a road trip! The sun is out, the temperature is pleasant (if you’re a penguin…), and we are going to have a great conversation about Medicaid for single people. What Affects Qualifying for Nursing Home Medicaid for a Single People? There are two main factors that affect qualifying for nursing…
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