The High Cost of a “Free” Medicaid Plan
Free Medicaid Plan There are so many myths, folk remedies, and outright falsehoods surrounding Medicaid qualification for nursing home care that it becomes impossible to list them all. Unfortunately, it becomes easy for people to look online for the simple answers they want to hear rather than researching and understanding a much more complicated truth. […]
The Medicaid Squeeze Can Be Reversed
The Medicaid Squeeze The intricate maze of Medicaid Planning confuses even seasoned professionals if they don’t focus on this type of planning in their daily practice, and it’s easy to find differing opinions. Accountants cringe when told to liquidate an IRA because they’re used to minimizing taxes. Bankers gasp when told to liquidate or just […]
What are the Medicaid Spend Down Priorities?
One of the most crippling situations for families is when a loved one needs long term care, they start to look at prices for nursing homes, and realize that it is just not possible to keep paying over the long haul without losing everything. Medicaid becomes a path to take to finance your loved ones care, […]
Mom Needs Help… What Do We Do?: Basic Long Term Care Options
While Medicaid and Long Term Care Planning is often focused on preserving money, at least for the families who speak with me, but the overall process has to be about more than just assets and income. Unfortunately, many professionals push those aside and focus only on the money without sufficient emphasis on the care needed. […]
Medicaid DOES Care if you Gift $16,000
[Below is a reprint of a previously published article, but the situation keeps coming up, especially when it comes to Medicaid qualification for seniors. While gifting can be part of an overall Medicaid Planning strategy, there are specific consequences that need to be planned and timed properly. There is NOT a free $16,000 a year […]