Medicaid Planning Strategies

A new study by Boston College's Center for Retirement Research indicates that purchasing long-term care insurance makes financial sense for fewer individuals than was previously believed. ...

When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the spouse who is not in the nursing home (called the "community spouse") may pass away first.

Medicaid 101

Here are some issues grandparents should consider before making gifts to grandchildren or other family members.

Many seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren.

I heard about something called a “Lady Bird deed” that could be useful if I need to apply for Medicaid. What exactly is it and why is it named that?...

Medicaid 101

For many Medicaid applicants, individual retirement accounts (IRAs) are one of their biggest assets. If you do not plan properly, IRAs can count as an available asset and affect Medicaid eligibility requirements.

Medicaid 101

A fear that the government will seize their house after they die is causing some people to not sign up for expanded Medicaid under the Affordable Care Act.

When one member of a couple moves to a nursing home, we expect that spouse will be the first to die, but this isn’t always the case. What happens if a Medicaid recipient's spouse dies first?...

Medicaid 101

A federal court has ruled that banks can’t foreclose on surviving spouses of reverse mortgage holders when the spouses can’t pay off the mortgage. ...