Mom or Dad can no longer live on their own and you have decided to take them into your own home to live with you. Your home doesn’t have enough room so you decide to add a bedroom and a …
Currently browsing Medicaid
Divestment Penalties
As we have discussed in prior columns (6/13/10 and 6/20/10), you have to spend down your excess assets before Medicaid will pay for your nursing home expenses. In order to spend down excess assets and qualify for Medicaid, I often …
Medicaid and Your Home
You or your spouse is in a nursing home. You have spent down your assets on nursing home care except for your home. Will you be able to keep your home? The answer is a qualified, maybe. There are certain …
Medicaid and Nursing Home Spend Down
You have probably heard that you have to spend down all of your assets on nursing home costs to a mere $2,000 before Medicaid will pay for your nursing home care. Often what you are not told is those assets …
The Truth About Medicaid Eligibility
There are many misconceptions about nursing home Medicaid eligibility. You will have undoubtedly received information from family, friends or others. Such information will be well intentioned, but most of the time it is only partly true. Medicaid laws are complex …
Medicaid Eligibility-Top 8 Mistakes
1. Thinking it’s too late to plan. It’s almost never too late to take planning steps, even after you have moved into a nursing home. It does not matter whether you are single or married, have $40,000 in assets or …
Final Wishes
If you are like most people, you probably have some specific issues regarding the disposal of your remains. You may want to be buried in a coffin, with a burial vault, in the ground, or you may want to be …
The Truth About Medicaid Eligibility v1
There are many misconceptions about Medicaid and Medicaid eligibility. You will have undoubtedly received information from family, friends or others. Such information will be well intentioned, but most of the time it is only partly true. Medicaid laws are complex …
Medicaid Eligibility-Top 8 Mistakes
1. Thinking it’s too late to plan. It’s almost never too late to take planning steps, even after a senior has moved to a nursing home. 2. Giving away assets too early. First, it’s your money (or your house, or …