Managed Long Term Care at Home: Proactive Action Required to Expedite Benefits

Managed Long Term Care at Home:  Proactive Action Required to Expedite Benefits There are two components to a Medicaid Home Care application: the financial eligibility review and the medical assessment to determine the appropriate number of hours of home health aide services. Recent events have led to a dramatic back-log of medical assessments, causing applicants … Continue reading Managed Long Term Care at Home: Proactive Action Required to Expedite Benefits

Tax Planning vs. Medicaid Planning: Avoid Costly Mistakes

Tax season is an important time to re-visit the difference between the IRS rules and the Medicaid eligibility rules – in order to avoid potential costly mistakes. For example, you may want to give a gift of $14,000 to your children and benefit from the IRS annual gift tax exemption.  However, if you need Medicaid … Continue reading Tax Planning vs. Medicaid Planning: Avoid Costly Mistakes

Retirement Assets and Medicaid Eligibility

In order to become eligible for Medicaid benefits for home health care or nursing home care, an individual must have less than the resource allowance amount as set by the State (currently $14,850 for 2017).  However, all assets are not treated the same. Retirement assets are in a category of their own. A qualified retirement … Continue reading Retirement Assets and Medicaid Eligibility

Retirement Assets and Medicaid Eligibility

In order to become eligible for Medicaid benefits for home health care or nursing home care, an individual must have less than the resource allowance amount as set by the State. But not all assets are treated the same.  Retirement assets are in a category of their own.  A qualified retirement account such as an … Continue reading Retirement Assets and Medicaid Eligibility