Medicaid is a program designed to assist elderly individuals with low incomes in paying for medical expenses. When a senior applies for the program, Medicaid conducts a five-year look-back or analysis. Applicants must meet strict eligibility criteria, which will be...
Qualifying for Medicaid coverage requires you to meet several requirements. One of these is to have an income or assets that are under a set threshold. For those who do not meet this threshold, it is possible to “spend down” or reduce their income and assets to...
Medicaid is a health insurance scheme that is designed to provide health coverage as well as other related services to America’s most economically vulnerable citizens, including low-income seniors as well as low-income individuals with disabilities. Jointly funded by...
People don't like to think about needing Medicaid benefits as they get older. Many individuals associate Medicaid with poverty and with a loss of control over their assets. However, the truth is that Medicaid benefits are necessary for many older adults as their...
While lots of people submit Medicaid applications independently, having an attorney to advise you and process these forms on your behalf is highly beneficial. Especially if the government denies your application, an experienced legal professional can help explain the...
The process of applying for long-term care through Medicaid can be overwhelming. And if your claim is denied, the experience can become even more stressful and devastating. Fortunately, a denied Medicaid is never the end of the road for you. You can appeal a denied...
One important component of an estate plan is setting up the power of attorney designations. There’s one for health care and another for finances. For individuals who are likely to need nursing home care in the future, having a financial power of attorney established...
As long-term care costs continue to rise, many people are looking for ways to keep their assets from being used for expensive senior care. In this regard, trust funds can be a powerful tool and may help seniors protect their hard-earned savings. But does creating a...
Medicaid provides financial support for expensive medical care to those who would otherwise be unable to pay for their treatment. Given the needs-based nature of Medicaid benefits, there is a negative association in the minds of some people with receiving Medicaid....
There are many reasons why you want to plan ahead for your financial future. One reason to do this is simply that you may need medical care as you age. This is very expensive, and many people have no way to meet these costs when the time comes. If you plan ahead,...
