Category Archives: Medicaid Planning
What is a Medicaid Penalty Period?
When it comes to Medicaid, you may have heard talk of a “penalty period.” It is a real problem for some seniors hoping to use Medicaid to pay for long-term care. Here, we will address how a penalty period works and what can be done to minimize the effect of a penalty period. Who… Read More »
The ABCs of Medicare: Knowing the Basics
Over the past few years, American healthcare has undergone a huge overhaul. From the Affordable Care Act to Medicaid expansion, Americans are struggling to decipher the rules and regulations that apply to health insurance coverage. Elder law attorneys often advise clients on health coverage just as much as they assist with end-of-life and estate… Read More »
Third Circuit Court of Appeals Approves “Half-a-Loaf” Annuity
According to a recent decision in Federal Court, the duration of a short-term annuity does not remove it from the safe-harbor provisions of Medicaid regulations. For those using the Medicaid plan often referred to as “half-a-loaf, this decision means that even if the annuity is established with payments over a very short duration, it… Read More »
Medicaid Planning: Medicaid’s Five-Year Lookback Rule
A major concern for people as they get older is their housing situation. While some people own their homes, and plan on remaining there, others retire and purchase homes or move into new communities. Sometimes, even if someone plans on staying in their home, circumstances change and they need to explore options that provide… Read More »