Long Term Care

14 Oct Success Story Of The Month – Spotting The Issues In A Medicaid Planning Case

Posted at 13:26h in Long Term Care, Medicaid Application, Medicaid Planning, Quality of Life, Success Story of the Month

Similar to tax planning, where the client often wants to pay as little taxes as possible and plan accordingly, many want to preserve as many resources as possible while obtaining Medicaid assistance so that the government will help pay for the cost of care in...

07 Oct 20 Common Mistakes When Completing A Nursing Home Medicaid Application Or Planning For Eligibility

Posted at 13:10h in Elder Justice, End of Life Care Planning, Long Term Care, Medicaid Application, Medicaid Planning, Nursing Home

The cost of long-term care is great (the average is around $7,500/month in Texas). As a result, many apply for long-term care Medicaid for governmental assistance to help pay for the facility and drugs. It is not unusual for us to receive calls after either...

25 Jul “Home” Purchased After Buyer Is Institutionalized Counts As Resource For Medicaid

Posted at 09:18h in Long Term Care, Medicare

The Texas Supreme Court has ruled that a Medicaid applicant who purchases a home or an interest in a home after admission into a skilled nursing facility is not excluded as a resource for Medicaid eligibility. On the other hand, the Court suggests if the...

03 Jul Texas Long-Term Care Partnership Program

Posted at 11:14h in Long Term Care

As an incentive for Texans to get long-term care insurance (so the state through Medicaid would not have to pay as much for long-term care), Texas has a Long-Term Care Partnership Program (LTCP) which is a public-private partnership between state agencies (Texas Department of Health...

02 Jan 14 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules

Posted at 13:09h in Long Term Care

Since long-term care Medicaid (which helps pay for skilled nursing care and medications) is “means-tested” (assets of the applicant are reviewed to determine if there is eligibility for the government to pay), there is a 5-year “look-back” period as there is a presumption resources were...

03 Oct New Medicaid Transfer Penalty Divisor Announced

Posted at 11:10h in Long Term Care, Medicaid Planning

Effective September 1, 2023, the “transfer of assets divisor” in Texas for long-term care Medicaid has increased from $237.93 to $242.13 (which represents the average daily cost of long-term care in Texas). The increased figure applies to Medicaid applications in Texas submitted on or after...

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

Posted at 13:01h in End of Life Care Planning, Long Term Care, Medicaid Planning, Retirement, Success Story of the Month

Recent changes under the Secure Act 2.0 that became effective January 1, 2023 may make a QLAC (Qualified Longevity Annuity Contract) a planning option for long-term care Medicaid which helps pay for nursing care and care at home. A QLAC is an annuity within your retirement...

10 Apr Who Is Eligible For Free Care At Home?

Posted at 13:08h in Long Term Care, Medicaid Planning, Medicare, Short Term Care

There are several public benefit programs whereby the government will pay for caregivers to come to where you reside. Many are familiar with Medicare that pays for various therapists after a hospitalization stay, but many are unaware that Medicaid has a couple of programs that...

03 Nov 12 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules

Posted at 12:07h in Long Term Care, Medicaid Planning

Since long-term care Medicaid (which helps pay for skilled nursing care and medications) is “means-tested” (assets of the applicant are reviewed to determine if there is eligibility for the government to pay), there is a five year “look-back” period as there is a presumption resources...

Long Term Care

14 Oct Success Story Of The Month – Spotting The Issues In A Medicaid Planning Case

07 Oct 20 Common Mistakes When Completing A Nursing Home Medicaid Application Or Planning For Eligibility

25 Jul “Home” Purchased After Buyer Is Institutionalized Counts As Resource For Medicaid

03 Jul Texas Long-Term Care Partnership Program

02 Jan 14 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules

03 Oct New Medicaid Transfer Penalty Divisor Announced

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

10 Apr Who Is Eligible For Free Care At Home?

03 Nov 12 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules

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Long Term Care

14 Oct Success Story Of The Month – Spotting The Issues In A Medicaid Planning Case

07 Oct 20 Common Mistakes When Completing A Nursing Home Medicaid Application Or Planning For Eligibility

25 Jul “Home” Purchased After Buyer Is Institutionalized Counts As Resource For Medicaid

03 Jul Texas Long-Term Care Partnership Program

02 Jan 14 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules

29 Nov 2024 Long Term Care Medicaid Income Cap Increase – When And How To Use A Miller Trust

03 Oct New Medicaid Transfer Penalty Divisor Announced

11 Apr Future Success Story Of The Month? Will A QLAC Within An Ira Become The Latest Tool To Save Money In Care Costs?

10 Apr Who Is Eligible For Free Care At Home?

03 Nov 12 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules