Nursing Home
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…
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…
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…
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…
This whole month we have been exploring Nursing Home Medicaid eligibility questions for Married Couples. The Medicaid rules are confusing, and this is especially true for married couples. In recent blogs and newsletters, we have addressed income issues for married couples when one spouse is seeking Nursing Home Medicaid. Adding to the complexity, let’s consider…
We have mentioned that many nursing home residents pay their whole income, minus $50, to the nursing home leaving Medicaid to pay the remainder of the nursing home bill. In addition to the $50 personal needs allowance, Georgia allows its nursing home residents who are receiving Medicaid benefits to also pay certain bills out of…
We are continuing our series of newsletters and blogs on Nursing Home Medicaid for Married Couples. The eligibility rules for Medicaid can be confusing, and this is especially true if the person seeking Medicaid has a spouse. In today’s blog, we want to address how the QIT (the Qualified Income Trust, or Miller Trust) is…
Finding a nursing home for a loved one can be a stressful and difficult process. Ease some of the stress with these 10 tips.
A psychotherapist shares what she has learned about life, death and America’s cultural values from working in a nursing home.
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