Medicaid or Moneyball
Medicaid & Long-Term Care When faced with a long-term care crisis and the accompanying astronomical monthly costs, families often push to keep doing things the same way they always have, just better or more efficiently. They keep pushing ahead with their fingers crossed that, somehow, they can preserve enough money to pay the $10,000+/month nursing […]
The Ten Medicaid Planning Myths You Need to Know
It has been some time since I’ve covered Medicaid Myths in this blog, and some of these myths can be deadly to qualifying for Medicaid if followed through. Rather than start a list from scratch, I went straight to the source in my own book The Long-Term Care Solution. Here is an excerpt from Chapter […]
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 Snapshot Date in Medicaid Planning
The Medicaid Date The snapshot date in Medicaid planning is simply the date that the person entered the nursing home, and therefore is “locked in” to how their assets were arranged at that time. More specifically, it is the first day of the first month in which the person enters the nursing home and is […]
Medicaid Whoopsies vol. 1
Medicaid Planning When it comes to Medicaid Planning, there are tons of loopholes that can help a family preserve a lot of assets and have a loved one still qualify for nursing home Medicaid. On the other hand, this also means there are a lot of opportunities for people to “go rogue” and make mistakes […]
Mom Needs Help… What Do We Do?
Basic Long-Term Care Options While Medicaid and Long Term Care Planning are 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 […]