Medicaid Planning Strategies
Under Medicaid law, a state must attempt to recover benefits it paid for health care following the death of a Medicaid recipient. The Medicaid estate recovery process may require selling your home to settle the claim.
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Medicaid 101
Although many people are willing to voluntarily care for a parent or loved one without any promise of compensation, entering into a caregiver contract with a family member can have many benefits. ...
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Medicaid 101
Congress established the Medicaid Money Follows the Person (MFP) Program to provide states with federal funding to help seniors who are receiving care in institutions but want to live at home. ...
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Medicaid 101
A MAPT is one option a person may use to protect their assets from Medicaid and nursing homes or long-term care. Consider some pros and cons of MAPTs to see if this long-term care strategy is right for you.
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Medicaid 101
If your assets are above the resource limit that would allow you to qualify for Medicaid, you may be able to engage in Medicaid planning. Legal strategies will allow you to qualify for benefits and preserve your assets. ...
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Medicaid 101
While Medicaid helps pay for nursing home care, being admitted to a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation. ...
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Medicaid 101
While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets, including “half a loaf.” ...
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Medicaid 101
Life estates can be an excellent tool for Medicaid planning, probate avoidance, and tax efficiency, but there are potential problems and risks to understand before creating one. Is a life estate right for you?...
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Medicaid 101
In addition to helping your family after your death, a prepaid funeral contract can be a good way to spend down assets in order to qualify for Medicaid. It lets your family know how to carry out your wishes.
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Medicaid 101