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

Tax Tips for Seniors: How to Avoid Costly Mistakes

As the April 15 deadline approaches, following the IRS rules for gifting, transfers to trusts, IRAs, etc. is important but may have serious unintended consequences should you need long term care and Medicaid benefits.  Planning ahead is key since it's virtually impossible to predict when a health care crisis may occur. For example, you may … Continue reading Tax Tips for Seniors: How to Avoid Costly Mistakes