Tag Archives: Medicaid Eligibility

Debt Counseling for Seniors

Despite the fact that you may have worked and saved all your life, more and more seniors are finding themselves in financial distress, due to the economy these days.  Perhaps you need credit counseling, foreclosure assistance or even financial assistance. … Continue reading

Posted in Asset Protection, Elder Law & LTC Planning | Tagged , , | Leave a comment

Disabled Military Child Protection Act

The Disabled Military Child Protection Act has been introduced by Senator Kay Hagan (D-NC) (S.1076) and Congressman Jim Moran (D-VA) (H.R.4329) in an effort to provide for the payment of monthly annuities under the Survivor Benefit Plan to a supplemental … Continue reading

Posted in Legislation, Veterans Benefits | Tagged , , , , , , | Leave a comment

Son Liable for Mom’s $93,000 Nursing Home Under “Filial Responsibility” Law

Some 30 states currently have laws making adult children responsible for their parents if their parents can’t afford to take care of themselves.  These “filial responsibility” laws have rarely been enforced, but six years ago when federal rules made it more difficult to qualify … Continue reading

Posted in Alzheimer's & Dementia, Asset Protection, Elder Law & LTC Planning, Government Benefits, Long Term Care | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

The Dinosaur “Long Term Care Insurance”

With Prudential and MetLife exiting the line of long term care insurance providers, the question arises of whether long term care insurance as we know it is to become extinct.  The answer, seemingly enough, is “yes” and “no.”  If you … Continue reading

Posted in Alzheimer's & Dementia, Elder Law & LTC Planning, Estate Planning & Administration, Long Term Care | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Tightening Medicaid Rules May Not Lead to Greater LTC Insurance Purchases

It is sometimes claimed that reducing the amount of assets an individual can keep while qualifying for Medicaid would increase the purchase of private long-term care insurance coverage.  Now, two professors of economics have estimated that tightening Medicaid asset rules … Continue reading

Posted in Alzheimer's & Dementia, Elder Law & LTC Planning, Estate Planning & Administration, Government Benefits, Long Term Care | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Giving Your Home to Your Children Can Have Tax Consequences

Many people wonder if it is a good idea to give their home to their children.  While it is possible to do this, giving away a house can have major tax consequences, among other unforseen results. When you give anyone … Continue reading

Posted in Alzheimer's & Dementia, Asset Protection, Elder Law & LTC Planning, Estate Planning & Administration, Government Benefits, Long Term Care | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

De-Institutionalizing Skilled Nursing Facilities

I would have to bet, if you ask anyone in the community what they think of when they think of a skilled nursing facility, one of the descriptive words would include “institutional.”  Well, the skilled nursing facilities seem to have … Continue reading

Posted in Alzheimer's & Dementia, Community, Elder Law & LTC Planning, Estate Planning & Administration, Government Benefits, Long Term Care, Veterans Benefits | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Is a Reverse Mortgage Right for You?

Reverse Mortgages may be a perfect financial solution for certain situations. However, for those considering a reverse mortgage to pay for medical expenses or long term care, there can be many unintended consequences. If you may need medical care in the future, be sure to consult with an experienced elder law attorney prior to choosing a reverse mortgage. Continue reading

Posted in Asset Protection, Elder Law & LTC Planning, Estate Planning & Administration | Tagged , , , , , , | Leave a comment

I do not want to lose my home to the State because I need assistance in paying for long term care in a facility

If you’ve been trying to research Medicaid eligibility rules for a loved one in need of nursing home care, odds are you have run across information relating to your loved one’s residence.  When determining eligibility for Medicaid, an individual cannot … Continue reading

Posted in Alzheimer's & Dementia, Asset Protection, Elder Law & LTC Planning, Government Benefits, Veterans Benefits | Tagged , , , , | Leave a comment