by dev | Jul 10, 2015 | Caregiver Issues, Medicaid
According to the National Alliance for Caregiving Report, Caring in the U.S. 2009 about 48.9 million Americans spend an average of 20 hours a week caring for a loved one 50 years old or older. Generally this care is provided free of charge by the family caregiver. The...
by dev | Jul 10, 2015 | Financing Long Term Care, Medicaid, Veterans' Benefits
I recently received this question from a reader of my articles: My wife is in a nursing home and I have applied for Medicaid. Luckily I was able to find a knowledgeable person to help me so I did not have to pay for assistance in applying. We own our home and I...
by dev | Jul 10, 2015 | Financing Long Term Care, Medicaid
When a husband or wife needs Medicaid in a nursing home, the Department of Children and Families allocates to the well spouse a portion of the nursing home spouse’s income. The income allowance brings the “well spouse’s” total income to a range between $1991 and...
by dev | Jul 10, 2015 | Financing Long Term Care, Medicaid
We meet with families on a regular basis who face long term care issues who make decisions based upon an incomplete understanding of the laws and rules concerning Medicaid. Sometimes the information is obtained from friends and relatives who have navigated the...
by dev | Jul 10, 2015 | Financial Products and Issues, Financing Long Term Care, Medicaid
As we help seniors find, access and pay for good care, we have found many of our clients have been exploited by insurance salespeople selling inappropriate financial products to elders in the guise of “Medicaid Planning” or “VA Benefits Planning.” We have found...
by dev | Jul 10, 2015 | Estate Planning, Medicaid
As the end of the year approaches, many may be thinking about utilizing the $14,000 annual gift tax exclusion. The annual gift tax exclusion makes it possible to give money to any number of people without having to pay gift or estate taxes. Annual gifting to children...
