Medicaid Planning Strategies

Medicaid is a public benefits program that provides health insurance to low-income children, seniors, and people with disabilities. In addition, it covers care in a nursing home for those who qualify.

Medicaid 101

One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the...

Medicaid 101

Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community.

Medicaid 101

In order to be eligible for Medicaid benefits a nursing home resident may have no more than $2,000 in "countable" assets (the figure may be somewhat higher in some states). ...

Medicaid 101

If you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful about giving away money or property.

Medicaid 101

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.

Medicaid 101

In order to be eligible for Medicaid, you cannot have transferred assets recently. Congress does not want you to move into a nursing home on Monday, give all your money to your children on Tuesday, and qualify for Medicaid on...

Medicaid 101

Many people believe that Medicare covers nursing home stays. In fact, Medicare's coverage of nursing home care is limited to 100 days of skilled nursing care per illness if you meet additional requirements.

Medicaid 101

The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home.

Medicaid 101