Medicaid and Seniors Articles

  • How to Use a Miller Trust for Medicaid Eligibility

    Qualifying for Medicaid coverage is a complex process that involves making sure a senior’s income and assets fall below certain levels. “Income cap” states allow applicants to use a specific kind of trust to help them meet these eligibility guidelines.

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  • Another Perspective on Applying for Medicaid

    Longer lifespans and rising health issues may mean your savings will not last throughout the end of your lifetime. Many middle class American seniors are considering applying for Medicaid to help with these expenses.

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  • Applying for Medicaid: An Elder Law Attorney Can Help

    The Medicaid application process can be extremely complicated, so be sure to do your research beforehand. When applying for state Medicaid benefits, you may want to consider hiring an elder law attorney to help.

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  • How to Maintain Medicaid Eligibility When a Spouse Dies

    When an at-home spouse dies before a nursing home spouse, how does that affect Medicaid? Learn how to maintain Medicaid eligibility after the death of a spouse.

    7 Comments
  • When to Apply for Medicaid

    Medicaid can help with long-term care costs, but eligibility is determined by a combination of many factors. The rising cost of care makes planning in advance a priority when considering paying for senior care costs.

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  • Top 5 Strategies for Protecting Your Money from Medicaid

    Many aging adults must apply for Medicaid in order to afford long-term care. Here are some strategies for preserving some of your wealth while qualifying for financial assistance.

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  • The Top 8 Medicaid Planning Mistakes People Make

    Proper Medicaid planning is crucial when it comes time to pay senior care costs. Here are some common mistakes people make when trying to plan for Medicaid.

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  • How Joint Bank Accounts and Property Affect Medicaid Eligibility

    Jointly held bank accounts, owning property together and other shared assets can affect Medicaid eligibility in a variety of ways.

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  • Medicaid Estate Recovery: Long-Term Care Benefits Aren’t Necessarily “Free”

    The goal of the Medicaid Estate Recovery Program (MERP) is to recoup all the money that Medicaid spent on a beneficiary’s care. Learn what families can do to minimize the impact of the recovery process.

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  • What Is the Difference Between Medicare and Medicaid?

    Medicaid and Medicare are different programs for health care coverage. Medicare is an insurance program that provides medical care to people over 65. Medicaid is a financial assistance program for low-income people. Some people have both Medicare and Medicaid.

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  • Assets You Can Have to Still Qualify for Medicaid

    What assets can you have and still qualify for Medicaid? Can your parents keep their house? Their car? Here are asset limits and guidelines for people who are applying for Medicaid and aren't sure what they qualify for.

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  • Medicare Savings Programs Help Seniors Pay Their Premiums

    Beneficiaries with limited income and resources may qualify for one of these programs to help pay Medicare premiums and other health care costs.

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  • How Can My Elderly Parent Qualify for Medicaid?

    Find out how annuities play into Medicaid planning for your elderly parents. It may seem hard to believe that annuities can help the elderly qualify for Medicaid - yes, Medicaid. This is sometimes called the "Half-A-Loaf" approach, and in certain cases, it can be a lifesaver for those who need the help the most.

    45 Comments
  • Can I hide money from Medicaid, so mom can leave her kids an inheritance?

    Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.

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  • Power of Attorney Explained

    One of the most powerful tools for managing your affairs should you become mentally incapacitated is a durable power of attorney (DPOA). Understand the legal powers and responsibilities of assigning and holding POA.

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  • Protecting the Home from Medicaid with a Life Estate

    Is your parent paying for nursing home care with Medicaid? Learn how to use a life estate as an advance planning technique to allow families to retain ownership of their most important asset, their home.

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  • 4 Key Things to Know about Trusts and Medicaid Planning

    There are many types of trusts that can help protect your assets from Medicaid. Here's a brief overview of the things you need to know when setting up a trust for Medicaid planning purposes.

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  • Medicaid versus Medicare: Who Covers Nursing Home Costs?

    While both Medicare and Medicaid may cover all or part of the costs of a nursing home stay, there are important differences to the rules. Determine which program will pay for your aging loved one's stay in a skilled nursing facility.

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  • Understanding Medicaid’s Lookback and Penalty Periods

    Gifting an asset can cause problems if you later need to apply for Medicaid to cover a nursing home stay, especially if you use gifting as a way to spend down assets. Learn the details of Medicaid lookback and how it impacts the Medicaid penalty period.

    9 Comments
  • A Prepaid Funeral Plan Should Be Part of Your Medicaid Spend-Down

    Money paid for advance funeral planning can be an exempt expense under Medicaid rules. Learn more about how preplanning a funeral can help you qualify for Medicaid.

    2 Comments
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