Medicaid Lookback

  • Understanding the Medicaid Look-Back Period and Penalty Period

    Seniors with limited income and assets must use a spend-down strategy to qualify for Medicaid, but gifting can trigger a penalty period of ineligibility. Learn about Medicaid’s asset transfer rules to avoid problems with paying for long-term care.

    8 Comments
  • Hiding Money from Medicaid: Don't Do It

    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.

    5 Comments
  • “Spending Down” for Medicaid: One Caregiver’s Personal Journey

    Navigating Medicaid’s financial eligibility requirements is complicated, and the spend down process is one of the trickiest parts. Learn from this caregiver’s experiences before devising your own Medicaid planning strategy.

    86 Comments
  • Weighing the Pros and Cons of a Living Trust

    A living trust is a popular financial tool that can be used for Medicaid planning, estate planning and tax planning purposes. However, a trust may not be the best the best approach, depending on a person’s long-term goals and unique financial situation.

    5 Comments
  • Top 5 Strategies for Protecting Your Money From Medicaid

    Many seniors must apply for Medicaid to afford long-term care. Here are strategies families can use to protect some of their assets while still qualifying for financial assistance with nursing home costs.

    23 Comments
  • 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.

    7 Comments
  • Asset Limits for Medicaid Eligibility

    Many people are surprised to learn they can keep several different assets and still qualify for Medicaid. A clear understanding of Medicaid resource limits and rules will help you devise the best legal and financial planning strategy for your situation.

    76 Comments
  • 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
  • Applying for Medicaid: A Caregiver’s Personal Experience

    Applying for Medicaid for an aging parent can be tricky. One caregiver describes his personal experience navigating the Medicaid application, dealing with the government and the red tape that comes with applying for Medicaid.

    38 Comments
  • Qualifying for Medicaid Long-Term Care

    Medicaid long-term care eligibility requirements can be confusing. Learn how a senior can qualify for Medicaid and what long-term care services are covered.

    6 Comments
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