About half of all seniors who need long-term care end up turning to Medicaid for help with the high cost of that care. When you consider the odds that you may one day need long-term care (LTC) coupled with the number of seniors who count on Medicaid for help with LTC expenses, you stand a good chance of needing to qualify for Medicaid yourself at some point down the road. If you failed to plan ahead for that possibility by incorporating Medicaid planning strategies into your estate plan, you may … [Read more...] about The Medicaid Look-Back Period Explained
What You Need to Know about New Hampshire Medicaid Eligibility as a Senior
By the time you reach your retirement years, you will stand about a 50 percent chance of eventually needing long-term care (LTC). The cost of that care could deplete your life savings in short order if you failed to plan ahead. Planning ahead means including Medicaid planning in your overall estate plan long before you need LTC. Like many seniors who eventually turn to the Medicaid program for assistance covering the high cost of nursing home care, you may know very little about the Medicaid … [Read more...] about What You Need to Know about New Hampshire Medicaid Eligibility as a Senior
What You Need to Know about Medicaid in Massachusetts
Whether you realize it or not, there is a very good chance that you will need to qualify for Medicaid at some point in your life, most likely during your retirement years. When that time comes, if you failed to plan ahead, your hard-earned assets could end up at risk. If you live in Massachusetts, you need to understand the eligibility rules for Medicaid in Massachusetts now so that you will qualify down the road if you need benefits. Moreover, you need to work closely with an experienced … [Read more...] about What You Need to Know about Medicaid in Massachusetts
Is a Medicaid Trust Helpful for Asset Protection?
You may not know it, but your need for long-term care could be one of the greatest threats to your assets at some point during your lifetime. If you have spent a lifetime accumulating assets, and then investing those assets wisely in the hope of leaving behind a sizable estate for your loved ones when you are gone, you undoubtedly don’t want to lose those assets at the last minute because of the need to pay for long-term care. That is precisely what could happen, however, if you fail to plan … [Read more...] about Is a Medicaid Trust Helpful for Asset Protection?
Will Massachusetts Medicaid Pay My Nursing Home Expenses?
The cost of long-term care in the United States is high across the country – and is expected to continue to increase for the foreseeable future. If you find yourself (or a spouse) in need of nursing home care in the Commonwealth of Massachusetts, you may be wondering how you are going to afford that care. Over half of all seniors rely on Medicaid to cover the high cost of nursing home care, which may lead you to ask “Will Massachusetts Medicaid pay my nursing home expenses?” The answer to that … [Read more...] about Will Massachusetts Medicaid Pay My Nursing Home Expenses?
Can a Medicaid Attorney Help Me Qualify for Benefits?
Like many people, you may have made it all the way through your working years without ever giving the need to qualify for Medicaid benefits a second thought. Either you were covered by employer sponsored health insurance or earned enough to purchase your own private plan. Medicaid, at any rate, was never an option nor a concern. Now, however, you are firmly into your “Golden Years” and the likelihood that you will need long-term care has become a real possibility. Considering how expensive … [Read more...] about Can a Medicaid Attorney Help Me Qualify for Benefits?
Alzheimer’s Disease– the Cost to Caregivers
By now, there are few people in America who are not affected, in some way, by Alzheimer’s disease. Although the disease itself is not new, it prevalence has risen to almost epidemic proportions in recent years. If you have ever spent time with someone afflicted with the disease it becomes apparent rather quickly that they are suffering. What may not be as apparent is how much the patient’s caregivers are also suffering – both emotionally and financially. The Alzheimer’s Association decided to … [Read more...] about Alzheimer’s Disease– the Cost to Caregivers
How Medicaid Planning Can Save Your Nest Egg
If you have worked hard all your life, saved and invested your money wisely, and planned carefully to be able to live comfortably during your retirement years, you certainly don’t want to see something interfere with your financial plan. If you are not careful though, all of your heard-earned money could be threatened during your “Golden Years” by the high cost of long-term care. Unfortunately, people often fail to plan for the likelihood that they, or their spouse, will incur a hefty long-term … [Read more...] about How Medicaid Planning Can Save Your Nest Egg
Why Would You Need a Medicaid Attorney?
Like most of your peers, you have likely gone your entire life without ever giving the need to qualify for Medicaid a second thought. After all, you probably had employer sponsored health insurance coverage throughout your working years and may now be depending primarily on Medicare to cover healthcare costs. Why then would you be concerned with qualifying for Medicaid? Moreover, why would you need a Medicaid attorney? The answers to those questions can be found in the likelihood that you, or a … [Read more...] about Why Would You Need a Medicaid Attorney?
Why Would You Need a Medicaid Attorney?
Like many people, you may make it all the way to your retirement years without ever giving the need to qualify for Medicaid benefits a second thought. Whether you have been fortunate enough to enjoy employer sponsored health insurance, or paid for a private health insurance policy out of your own pocket, you have likely always thought of Medicaid as something you would never need. As such, you probably know very little about the program. Why would you need to know after all, right? As it turns … [Read more...] about Why Would You Need a Medicaid Attorney?
