There is nothing more American than owning a home. Homeownership is a valuable and significant possession that most people work hard for all their lives. So when health begins to fail and the need for long-term care arises, we often…
Almost everyone will require long-term care at some point during their lives, so it is important to plan ahead. While we cannot predict the timing or level of care, we can take steps to prepare for an unexpected medical and…
Medicaid provides health and long-term care coverage for seniors and people with disabilities. Qualifications for Medicaid vary by state, with overarching federal guidelines. The Kaiser Family Foundation (KFF), a nonprofit organization focusing on national health issues, recently released findings from…
Medicaid and inheritances can both be subject to mistakes and these can be expensive. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive…
Medicaid planning is more than simply meeting strict income and asset limits for long-term care. You will also need to demonstrate you need the level of care typically provided in a nursing home setting. These health eligibility rules are valid…
Low-income seniors with limited assets and income can afford health care and long-term care through Medicaid, a federal/state program. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true…
Medicaid is a government program that helps pay for long-term care (LTC) costs, provided individuals meet specific resource conditions. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of…