Legacy Care Law Firm

If you were fortunate over the course of your working years to be covered by employer-sponsored or privately purchased health insurance, you likely know very little about the Medicaid program. During your retirement years, however, you may find yourself in a position where eligibility for Medicaid becomes important. One of the many myths about Medicaid is that relying on Medicaid to pay for long-term care means your spouse will be left out in the cold. The Salem Medicaid planning attorneys at … [Read more...] about What Is a “Community Spouse?”

If you are among the many Americans who go through their entire working years without ever needing to turn to Medicaid for healthcare assistance, you probably know very little about the program. You may, however, find that you do need to rely on the benefits offered by the Medicaid program when you enter your retirement years. As such, it may be beneficial to learn more about the program. With that in mind, the Nashua Medicaid planning attorneys at Legacy Care Law Firm have put together the … [Read more...] about 5 Things You Probably Didn’t Know about Medicaid

Few people look forward to growing old. Fewer still enjoy planning for the physical, mental, and practical consequences of the natural aging process. Failing to plan for your own aging process, however, could result in additional unwanted consequences. One aspect of your retirement years that should be included in your overall estate plan is nursing home planning. Like most people, you are likely hoping that a nursing home will not be necessary; however, there is simply no way to know ahead of … [Read more...] about Why Nursing Home Planning Is So Important

Like many people, you may have heard others discussing the need for Medicaid planning to be part of an overall estate plan and assumed it did not apply to you. After all, you may have made it through your entire life to this point without ever relying on Medicaid to help with your healthcare expenses so why would you worry about Medicaid eligibility now? While that train of thought is understandable, it can also put you and your assets at risk during your retirement years. For the average … [Read more...] about 5 Reasons Why Medicaid Planning Should Be Part of Your Estate Plan

When it comes to estate planning, one of the most important aspects of most plans should be the addition of a Medicaid planning component.  Given the likelihood that you will need long-term care at some point, and the high cost of that care, developing a plan for covering those costs only makes sense. For one reason or another though, you may find yourself faced with the need to pay for long-term care (LTC) for yourself or a spouse but without the benefit of having included a Medicaid … [Read more...] about Is It Too Late to Benefit from Nashua Medicaid Planning?

Like most people, you probably know something about both Medicaid and Medicare; however, do you know enough about them to know when you can rely on them and if you qualify for benefits? You may be counting on Medicare to cover your healthcare expenses when you reach retirement age, but did you know that Medicare won’t cover some of your most costly medical care? Conversely, you may have assumed you would never need to rely on Medicaid because you have always had private health insurance, but … [Read more...] about What’s the Difference between Medicaid and Medicare?

As a senior, there is a very good chance that you, or your spouse if you are married, will need long-term care at some point. The cost of that care will not be cheap. In fact, if you failed to plan ahead, your long-term care (LTC) costs could deplete your retirement nest egg in short order. Fortunately, Medicaid may be able to help. You may, however, have heard people talk about the Medicaid eligibility rules and the fear that those rules will leave the community spouse without resources. At one … [Read more...] about Andover Medicaid Attorneys Explain the Spousal Impoverishment Rules

When you sit down to work on creating a comprehensive estate plan there will likely be several important goals and objectives you wish to incorporate into your plan. If you do not already have nursing home planning on that list, it should be. One of the most common mistakes people make when creating or updating an estate plan is failing to include nursing home planning, or waiting too late to get started on it. Understanding why nursing home planning is so important may help you avoid making … [Read more...] about Why Nursing Home Planning Is Important

You may not realize it right now, but there is a very good chance that you will need to qualify for Medicaid benefits at some point in the future. You should be planning for that possibility now though in order to protect your heard-earned assets.  How can the need to qualify for Medicaid threaten your assets? The answer to that question can be found in the Medicaid eligibility guidelines that prevent an applicant from owning assets valued at over the program limit – and that limit is very … [Read more...] about How Can Medicaid Attorneys Help Me Protect My Assets?

Like most people, you probably prefer not to think about the possibility that you, or a spouse, will end up in a nursing home at some point later in life. Ignoring the possibility, however, could have serious financial consequences, including the loss of a significant portion of your retirement nest egg. To prevent even the possibility of that happening, you need to plan ahead by including Medicaid planning in your comprehensive estate plan. If you have never before relied on Medicaid for help … [Read more...] about Are You Prepared for the High Cost of Nursing Home Care?