Medicaid Planning

Medicaid Qualifications

Medicaid Qualifications for Seniors and People with disabilities

For seniors and people with disabilities, Medicaid is an important federal and state partnership program for health and long-term care coverage. Qualifications for Medicaid vary by state, with overarching federal guidelines. The Kaiser Family Foundation (KFF), a nonprofit organization focusing on national health issues, recently released findings from their 2022 50-state survey on pathways for …

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medicaid

Medicaid: It is Not Always Better to Give Than to Receive

If there is a possibility that a loved one might need Medicaid assistance in the foreseeable future, that person should not be giving gifts. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn out to be very, very expensive. Medicaid is the government program that …

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Medicaid Crisis Planning Maine

When is Medicaid Crisis Planning Appropriate?

Medicaid is a joint federal and state program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their loved …

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Inheritances and Medicaid

Inheritances and Medicaid: Be Careful, Plan Ahead

Mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly.   When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What “careful” means, though, can be misunderstood without the necessary expertise. …

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als - cost

Alzheimer’s Disease Medicare, Medicaid, and Out of Pocket Costs

The Alzheimer’s Association has published its 2020 report entitled Alzheimer’s Disease Facts and Figures (alz.org). The findings give pause when contemplating the future of many Americans who will be living with crippling dementia. Health care and long-term care costs for individuals with Alzheimer’s Disease and Related Dementias (ADRD) are staggering as dementia is one of …

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