Medicaid is a state-federal partnership that provides medical benefit assistance to people who qualify, especially those over 65 years of age. However, in order to qualify, you also need to meet certain financial requirements such as asset limits. However, if you have made “uncompensated transfers,” that could lead to a period of disqualification from the program. Read on to learn more. Uncompensated Transfers … [Read more...] about Uncompensated Transfers
Medicaid is a state-federal partnership that provides medical benefit assistance to certain needy people, especially those over 65 years of age. However, you need to meet financial requirements such as asset limits to qualify. Assets in an irrevocable trust not for your benefit typically don’t count as available. Read on to learn more. Irrevocable Medicaid Trusts … [Read more...] about Irrevocable Medicaid Trusts
What’s the right direction for you in planning for the help you might need in the future? Seven in ten of us will need long-term care at some point in our lives. Here are possible paths for covering the assistance you may need. How Will You Obtain the Care You Need? … [Read more...] about How Will You Obtain the Care You Need?
Each year, crowdfunding websites raise money for causes. Did you know such a website could impact your eligibility to receive Medicaid? Read on to learn how crowdfunding can impact Medicaid eligibility. Why Crowdfunding May Cost You Medicaid Eligibility … [Read more...] about Why Crowdfunding May Cost You Medicaid Eligibility
An ABLE account is a great strategy for someone who became disabled by age 26. An ABLE account may be income tax-free. It has other unique benefits for a disabled person. Read on to learn more about the ABLE account and how it can help. ABLE Accounts … [Read more...] about ABLE Accounts
Nobody wants incapacity, not for yourself and not for your loved ones. But planning for that possibility can avoid complications and increase options. The article discusses the elements of incapacity planning and the need for flexibility to do Medicaid planning. It discusses how a trust with Medicaid triggers can allow that. Incapacity Planning … [Read more...] about Incapacity Planning
Our country, as a whole, has seen many shifts in the financial and healthcare sectors in recent years. The Affordable Care Act really changed everything – especially the way Americans see healthcare. While the internet provides instant access to anything you can imagine, it’s also prone to many experts with ulterior motives doing their best to shift the facts and of course, information is subjective. What one person reads and takes away from any website might be construed in a different way by … [Read more...] about Yes, Estate Planning Matters
Never let it be said that our lawmakers have no capacity of time management, especially when it comes to getting bills passed into law. There aren’t many veterans and their families who take advantage of the Aid and Attendance benefits that are part of the Department of Veterans Affairs, but those who do say it’s crucial to ensuring their quality of life. Unfortunately, there could be problems ahead for the means tested program. The Aid & Attendance Benefits Timeline Several years ago, … [Read more...] about Changes Ahead for VA Aid & Attendance Benefits?
Just because the stereotype portrays today’s elderly American as docile, rocking chair bound and cookie-baking grandmas and grandpas, it doesn’t mean it’s accurate. Surely, some – if not most – of us look forward to the day we can retire, slow down our pace and reacquaint ourselves with the concept of relaxation, but for others, it’s all about making a statement. If that “statement” happens to make the international news, well, then, all the better. Such as the case with Sister Megan Rice. In … [Read more...] about Elderly Activism?
In what should have resulted in a robust turnout among the nation’s lawmakers actually became testimony about Alzheimer’s disease being delivered to just two senators. Seth Rogen, a Hollywood actor, director and producer who’s starred in several films, testified in front of the Senate Committee on Appropriations about the rising costs of Alzheimer’s disease and to ask what the committee intended to in order to provide better funding. One look at the statistics reveals why so many Americans are … [Read more...] about Disappointing Turnout for Alzheimer’s Testimony