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...
Medicaid Planning And Asset Protection
My long-term Medicaid claim has been denied. What do I do?
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...
Financial power of attorney and nursing home care
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...
Does a trust protect assets from Medicaid?
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 planning protects you and the people you love
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....
The cost of elder care keeps going up
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,...
Why consider a Medicaid asset protection trust?
A common concern among the elderly is that a nursing home will take all their savings and assets to cover the cost of their care. A Medicaid trust is a legal means that allows you to protect your assets while still receiving Medicaid benefits. This type of trust can...
How the Medicaid look-back period works
When a senior intends to apply for long-term Medicaid, there is an asset limit. For you to be eligible, you cannot have assets that are above the threshold limit. Medicaid’s look-back period is supposed to prevent applicants from giving away assets or selling them...
What does Medicaid estate recovery mean for your New Jersey home?
Not everyone can qualify for Medicaid right away. New Jersey has strict income and asset limitations on the program. Only those with real financial need can typically count on Medicaid benefits. Others may have to wait months for benefits if they incur a penalty when...
How far ahead do you need to plan to apply for Medicaid?
Medicaid is a needs-based program that will cover medical costs ranging from a cast on a child's broken leg to an older adult's nursing home expenses. If you don't have the resources to pay for your own medical care, you can ask Medicaid to cover your costs. New...