Medicaid Penalty Period Will Delay Eligibility
Often, seniors give away their assets to their children in an effort to become eligible for government benefits. However, no gifts should be contemplated without fully understanding the Medicaid penalty period. When a transfer of assets is made and Medicaid is needed...
Glossary of Legal Words
legal words Advance Directive: a written or oral statement about how you want medical decisions made should you not be able to make them yourself. Asset Protection: involves examining resources available to pay for care considering benefits that may...
What Are Income Limits for Medicaid?
I’m Jill Burzynski and today’s topic is the Florida Income Cap. Florida Medicaid Qualifications requirements include an asset test, an income test and a level of care test. Income in excess of the income cap is a problem easily resolved with...
Medicaid Assets Allowed
Medicaid assets must be disclosed and “hiding assets” is never part of a legitimate asset protection plan. Knowledgeable elder law attorneys have an arsenal of tools that assists families doing preplanning and also families that find themselves in crisis.
