Long-Term Care Facilities
Here’s a great question that we received just the other day: My wife has moved into a nursing home. In addition to our home, we own two rental properties. Our income is good, but it is not enough to pay for the nursing home. We are receiving mixed information about whether or not she can…
Read More A superbug is defined as a pathogenic microorganism, especially a bacterium, that has developed resistance to the medications normally used against it. Hospitals and nursing homes are able to keep lethal superbug outbreaks a secret, due to vague rules that give healthcare providers great leeway in deciding when or whether to report unusual clusters of…
Read More Every once in awhile we are asked about using divorce as a Medicaid planning tool. The reasoning goes that if the well spouse has over $120,900, that spouse may want to avoid spending those assets on nursing home care as well as the Medicaid Estate Recovery. A “Medicaid Divorce” could do just that. So should…
Read More For many individuals, retirement savings are their largest asset. And when facing nursing home care, the rules about Medicaid and IRAs can be very confusing. So, how do IRAs (and pensions, 401(k)s, 403(b)s, etc.) affect Medicaid eligibility? Will a large IRA disqualify a nursing home resident for Medicaid? For those who are receiving payments from…
Read More Many have heard of the Medicaid Look Back, but few fully understand this aspect of Medicaid. When someone applies for Medicaid, they are asked about any gifts or transfers of assets for the 5 years (or 6o months) prior to applying for Medicaid. This is the government’s way of deterring people from purposefully impoverishing themselves…
Read More The Aid and Attendance Benefit offered to wartime veterans is often used to pay for assisted living care or home care (https://hurleyeclaw.com/practice-areas/veterans-aid-attendance/). What if a couple is living in an assisted living community and receiving the VA Aid and Attendance Benefits when nursing home care is needed for the wartime veteran? In a situation like…
Read More Planning ahead for long-term care should be part of your retirement planning, at least to check it out and see whether it is important for your future. Some of your questions should be about the type of benefits available – possibly through your employer. You may consider the fact that long-term health care insurance is…
Read More Finding a nursing home for a loved one can be a stressful and difficult process. Ease some of the stress with these 10 tips.
Read MoreSubscribe to our blog and monthly newsletter.
