Legacy Care Law Firm

Long-term care (LTC) is a crucial consideration for seniors, as statistics show a high likelihood of needing some form of LTC in the future. Currently, a 65-year-old individual has a 70 percent chance of requiring LTC services at some point. While a majority of seniors can receive assistance at home, over one-third will need care from an assisted living facility or nursing home, which can come with staggering costs that could deplete your retirement nest egg. To help you prepare for that cost, … [Read more...] about What Every Senior Needs to Know about Medicaid in Massachusetts

Like many people, it may never have occurred to you to plan for the need to qualify for Medicaid if you had employer-sponsored or privately purchased health insurance during your working years. Unfortunately, the reality is that many seniors do eventually need to qualify for Medicaid at some point to help with the high cost of long-term care. If you suddenly need to qualify for Medicaid but did not plan for that possibility, is it too late for Medicaid planning to help? A Beverly Medicaid … [Read more...] about Is It Too Late for Medicaid Planning?

As a senior, you may find that eligibility for Medicaid is crucial to help cover the high cost of long-term care. If so, one of your concerns may focus on a commonly held belief that your reliance on Medicaid will leave your spouse without income and/or assets. To put your mind at ease, the Medicaid planning attorneys at Legacy Care Law Firm explain the New Hampshire Medicaid Minimum Monthly Needs Allowance. Paying for Long-Term Care The longer you live the better the odds are that you … [Read more...] about Understanding the New Hampshire Medicaid Minimum Monthly Maintenance Needs Allowance

If you are still relatively young, the idea that you may one day need to rely on Medicaid to cover your medical expenses may seem farfetched.  The reality, however, is that could actually happen in the future. If you do find yourself in a position where you need to qualify for Medicaid, any recent assets transfer could be problematic. To help you understand, a North Andover Medicaid planning attorney at Legacy Care Law Firm explains how the transfer of assets can impact Medicaid … [Read more...] about Understanding the Medicaid Transfer Penalty

As much as we all prefer not to dwell on the possibility, the reality is that we all stand a good chance of needing long-term care at some point during our retirement years. Knowing that, it makes sense to plan for the possibility within your estate plan. The Salem Medicaid planning attorneys at Legacy Care Law Firm explain five common long-term care planning steps. Contact Salem Medicaid Planning Attorneys If you have additional questions or concerns, please contact the Salem Medicaid … [Read more...] about How to Plan for Long-Term Care

If you have never needed to rely on Medicaid to cover your health care expenses, why would you need to include Medicaid planning in your estate plan? Unfortunately, the reality is that many seniors do eventually need to qualify for Medicaid at some point to help with the high cost of long-term care. If you find yourself in that position, is it too late for Medicaid planning to help? A Woburn Medicaid planning attorney at Legacy Care Law Firm explains how last-minute Medicaid planning may still … [Read more...] about Is It Too Late to Save My Assets If I Need to Qualify for Medicaid?

Many people make it through their entire working years without ever needing to rely on Medicaid to cover healthcare expenses, only to find that they must turn to Medicaid as a senior. If you are among them, you may mistakenly believe some of the myths and misconceptions about the program. To help clear those up, the Salem Medicaid planning attorneys at Legacy Care Law Firm debunk five of the most common Medicaid myths. Contact Salem Medicaid Planning Attorneys If you have additional … [Read more...] about 5 Things You Should Know about Medicaid

Like many seniors, you may find yourself faced with the need to qualify for Medicaid for the first time in your life. Having never before needed to rely on Medicaid, you may know very little about the program. To get you started, a Nashua Medicaid planning attorneys at Legacy Care Law Firm explains five things you need to know before applying for Medicaid. The need to qualify for Medicaid as a senior can put your retirement nest egg at risk if you failed to plan ahead. To prevent that … [Read more...] about Do You Qualify for Medicaid in New Hampshire?

At some point, the mental and physical changes that occur as a result of the natural aging process may cause you to need the type of care that can only be provided by a long-term care facility. The high cost of long-term care, however, may cause you to turn to Medicaid for help. One concern many seniors have when considering Medicaid as an option is how relying on Medicaid will affect their spouse who plans to remain in the community. To help you better understand how relying on Medicaid might … [Read more...] about What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?

Most people have heard of both Medicare and Medicaid. In fact, people often use the names of the two healthcare programs interchangeably when, in fact, there are important differences between them. Because there is a good chance that you will need to rely on both programs as a senior, understanding those differences is important. To get you started, the Woburn Medicaid planning attorneys at Legacy Care Law Firm compare the Medicare and Medicaid programs. Medicaid Benefits and Eligibility … [Read more...] about Comparing Medicaid and Medicare