Tag Archives: Medicaid
3 Common Mistakes When Planning for a Disabled Family Member
There are 58 million Americans five years of age or older that are identified as special needs, making them the largest single minority in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and assets are strictly limited and can often by misinterpreted, resulting in costly… Read More »
Tips for Discussing Medical and Financial Issues with Your Aging Parents
Your parents are getting on in age, but you don’t have a clear idea if there is a plan in place for their care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of having a proactive conversation with your… Read More »
Elder financial abuse and Medicaid: How are they related?
A major problem faces Americans as they grow older – Elder Financial Abuse. But did you know that there is a documented link between elder financial abuse and Medicaid denials? What is Elder Financial Abuse? Elder financial abuse is a growing issue for Americans. Studies show that $2.9 Billion are lost every year… Read More »
Medicare vs. Medicaid: What’s the Difference?
Medicare and Medicaid have long been a mystery to many consumers. In fact, it can baffle and confuse even some of the smartest citizens. Like me, you might have thought, “I don’t need to worry about this right now.” However, it is never too early to gain a little understanding and awareness that just… Read More »
Creative Financial Approaches to Long-Term Care Planning
Long term care insurance was sold aggressively in the 1980’s, 90’s and thereafter to offset the costs of seniors needing to live in a nursing home or assisted living facility, or needing at-home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing… Read More »
Can a “Medicaid Divorce” Protect Your Assets?
The term Medicaid divorce refers to a strategic (yet often controversial) legal concept where an otherwise happily married couple will seek a divorce so that one spouse can qualify for Medicaid assistance, and impoverishing the well spouse. To better illustrate why a married couple might consider a Medicaid divorce, let’s take a look at an… Read More »
