Category Archives: Medicaid Planning
The Assets Medicaid Considers “Available”
To qualify for Medicaid, you must meet certain requirements. Many of these requirements center on the assets you currently own and, in turn, whether you have too much. Going over the assets Medicaid considers “available,” and speaking with a lawyer from Millhorn Elder Law Planning Group, will allow you to protect your estate from… Read More »
4 Common Questions Regarding Medicaid Planning
If you would like to obtain Medicaid, but do not satisfy the program’s requirements, then you are going to need to hire someone who can help you plan for Medicaid. Going over the four most common questions regarding Medicaid planning, and speaking with a Medicaid planning lawyer, will allow you to obtain the medical… Read More »
The Medicaid Look-Back Period
To obtain Medicaid, you must satisfy the asset requirements that Medicaid entails. But, that is not all: you must also satisfy the requirements of Medicaid’s five year look-back period. Going over the requirements of Medicaid’s look-back period, and speaking with a lawyer who specializes in Medicaid planning, will allow you to obtain the medical… Read More »
How Can You Protect Your Assets From The Costs Of Long-Term Care?
The costs of long-term care are significant. Many people find themselves needing to spend the majority of their assets – if not all of their assets – to obtain the long-term care that they need. Even though the above is true, there is a way to protect your assets from the costs of long-term… Read More »
If You’re On Medicaid, Can You Get Into A Nursing Home?
The rules underlying Medicaid, and whether it can be used to get into a nursing home, are complex. Being aware of these rules, and speaking with a Medicaid planning lawyer, makes it easier to understand if you, or someone you know, can get into a nursing home with Medicaid. What Is Medicaid? Right before… Read More »
Who Can Serve As A Care Giver For Long-Term Care Support?
As we age, living independently and caring for ourselves alone can become more difficult. As a result, the need for long-term care increases the older we get. Although one-third of older Americans will never have to use long-term care services, the vast majority will. The Department of Health and Human Services (DHHS) says that… Read More »
Advantages And Disadvantages To A Medicaid Asset Protection Trust
One of the most critical decisions made during the estate planning process for older adults is incorporating Medicaid planning. There are several estate planning tools that may be applicable to your situation. Figuring out which works the best and can offer the most protection to your wealth and assets while also allowing you to… Read More »
Why Families’ Interest In Medicaid For Nursing Home Care On The Rise
When you are estate planning, you may be in good shape health-wise, but this could change in the future. It is impossible to know what can happen as we age and while some of us can keep a fairly sharp mind and be able to care for ourselves, in many situations, the majority will… Read More »
Why Long-Term Nursing Care Facilities Are In Strong Demand
Long-term nursing home care encompasses a wide range of services that accommodate the needs of elderly individuals. These services can include personal care, health and medical care, supportive assistance, and other vital supportive resources. When individuals age and suffer from disease conditions or other ailments that limit their ability to cognitively, physically, or mentally… Read More »
Top 3 Realities Of Medicaid Benefits
Many people feel pretty confident with their knowledge of the services and benefits that they can receive through the government health insurance program Medicare. In the media, it is Medicare that tends to be reported on most often and it is a hot topic politicians like to pontificate about. On the other hand, knowledge… Read More »
