Medicaid Planning Strategies
Medicaid Spousal Refusal ('Just Say No')
Federal Medicaid law states that the community spouse can keep all of his or her assets by simply refusing to support the institutionalized spouse. ...
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Protecting Your House from Medicaid Estate Recovery
After a Medicaid recipient dies, the state must attempt to recoup whatever benefits it paid for the recipient's care from their estate. There are steps you can take to protect your home from estate recovery.
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Elder Law: Can Medicaid Take Your House?
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't mean it's completely protected. A lien can be placed on the house to recover costs after you die.
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Five Myths About Medicaid's Long-Term Care Coverage
While Medicare gets most of the news coverage, Medicaid still remains a bit of mystery to many people.
Read moreLong-Term Care Program Is Casualty of "Fiscal Cliff" Deal
The final budget deal Congress passed to avert the “fiscal cliff” repeals a long-term care insurance program that would have helped keep the elderly and disabled out of nursing homes and off the Medicaid rolls. In its place, the budget...
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While in large part people who purchase long-term care insurance and those who plan to qualify for Medicaid coverage of long-term care costs fall into separate groups, there are at least two situations where they overlap.
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When Should You Purchase Long-Term Care Insurance?
Determining the best time to buy long-term care insurance can help you manage your finances effectively as you prepare for the future.
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How Much Long-Term Care Insurance Should You Purchase?
A number of considerations go into how much long-term care insurance you should buy to cover nursing home costs and related health care expenses. Policy coverage and length of protection will vary affecting the cost.
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