Search Results: exempt asset
Medicaid Planning in Georgia Can Medicaid help me pay for nursing home care? When skilled nursing level care is necessary, many families face the difficult question on how to pay the bill. Nursing homes in Georgia cost on average between $7,500 and $9,500 per month and some facilities are over $10,000 per month! This is…
Read More
Medicaid continues to be the largest payer of nursing home care in Georgia. The path to getting Medicaid, though, is confusing and cumbersome. We have addressed many of the questions about Medicaid through our blog and newsletter. It’s hard to understand exactly how the rules apply to you and your family. Here are the Top 3…
Read More Georgia nursing home Medicaid continues to confuse families and professionals. One of the most confusing aspects is how the rules apply to a nursing home resident that is married vs. single. Nursing home Medicaid laws are different for single individuals than for married individuals. In many ways, Medicaid laws are more generous for those…
Read More The rules about home ownership and Medicaid often confuse families. Here are the basics: A person can own a home and qualify for Medicaid, BUT that home may be vulnerable to Estate Recovery after the person dies. In other words, a nursing home resident can own a home and still get Medicaid benefits. The home…
Read More Is it true that I have to sell mom’s home before she can get Medicaid? We just received this question yesterday…and the day before that… and a few times last week… There is so much confusion about Medicaid, especially when it comes to home ownership. A nursing home resident can own a home and still…
Read More
Many seniors live on a fixed income and living costs continue to rise. The good news is there are Medicare Savings Programs that provide premium relief to those with limited income and assets. There are four different Medicare Savings Programs with the Qualified Medicare Beneficiary (QMB) program being the most robust program. What is the…
Read More
One of the most common questions our elder law firm hears when discussing Medicaid long-term care programs is “will I lose my home”? Families have heard the term ‘Medicaid Estate Recovery’ and are concerned because to most of us, our house is our most meaningful asset both emotionally and financially. Understanding Medicaid Estate Recovery can…
Read More
Have you heard the term “Medicaid 5-year look back period” and wondered how it could impact you and your loved ones? We receive many calls from potential clients who ask about the Medicaid look back period and worry they may have missed their opportunity to protect their assets and qualify for Medicaid. Luckily, there is…
Read More
“I am a veteran. How can the VA help me?” This is a popular question we receive daily. As veterans age their need for care often increases. Among their concerns, many think they must have been wounded or disabled while serving to receive help from the VA or they must be served at a VA…
Read More
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…
Read MoreSubscribe to our blog and monthly newsletter.
