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Category: Medicaid

Three Transactions that Can Jeopardize Access to Long Term Care

Wanting to share our good fortune with others is only natural.  Perhaps it is even an obligation.  However, sometimes generosity can interfere with our future well-being.  If you think you might someday need outside help to pay for your long-term care, you need to be careful.  This is because public benefit programs, such as Medicaid, […]

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What’s the Difference Between Medicare and Medicaid in the Context of Long-Term Care

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare. (Medicare also covers people of any age who are permanently disabled or who […]

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The Need for Medicaid Planning

One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Depending on location and level of care, nursing homes cost between $80,000 and $150,000 a year. Most people end up paying […]

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Medicaid Help with Long-Term Care without Complete Impoverishment – Pt. 2 (Married Couple)

This is the second post in a two-part series. Click to read part one.   In our last article we talked about ways a single person can protect assets and obtain Medicaid coverage for long-term care without expending all of her assets. Now let’s discuss how a similar process can work for a married couple when one […]

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Medicaid Help with Long-Term Care without Complete Impoverishment – Pt. 1 (Single Person)

This is the first post in a two-part series. Click to read part two.   Let me share with you a hypothetical case involving an aged woman now in a nursing home. We will call her Sandy Fitch, a widow. Her son, Don, became seriously concerned about his mother’s assets after the family made the hard […]

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