Medicaid Tag

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, 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...

31 Jan Bill Passed For ABLE Account Age Adjustment

Posted at 10:39h in Estate Planning

There is good news for those who are on Supplemental Security Income and Medicaid and who were disabled between ages 26 and 46. As of January 1, 2025, those who were disabled prior to ae 46 can establish an ABLE account and the funds will...

07 Dec 2023 Long Term Care Medicaid Income Cap Increase – When And How To Use A Miller Trust

Posted at 12:48h in Medicaid

Applicants for long-term care and Star+ Medicaid must be below an income cap as one of the requirements for eligibility. If the applicant’s income exceeds the income limit of $2,742 (as of January 1, 2023), the eligibility solution for this particular requirement is the creation...

02 Dec 2023 Maximum Resource Limits For Spousal Medicaid (How To Keep More For The Well Spouse If Ill Spouse Needs To Go Into Nursing Home)

Posted at 12:15h in Medicaid, Medicare

As we live longer, there is a greater likelihood of disability and the need for long-term care. However, most Americans have inadequate resources or income for such care and also lack long-term care insurance or similar insurance products. As a result, some elderly and disabled...

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

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

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...

03 Nov 5 Reasons Why You Do Not Need To Divorce To Get Your Spouse On Medicaid

Posted at 11:57h in Divorce, Medicaid, Medicare

Since the cost of long-term care (i.e., nursing home care or care at home, etc.) is so great (average monthly cost is in excess of $7,000 per month) and since most have inadequate income, resources and/or long-term care insurance to pay for such care, many...

03 Oct Ten Common Mistakes When Completing A Nursing Home Medicaid Application

Posted at 10:39h in Medicaid, Medicaid Application, Medicare

The cost of long-term care is great (average is over $7,000/month in Texas). As a result, many apply for long-term care Medicaid for governmental assistance. It is not unusual for us to receive calls after either a facility or applicant has submitted an application and...

11 Jul 10 Long-term Care Medicaid Myths

Posted at 11:07h in Long Term Care, Medicaid, Medicare

Originally long-term care Medicaid (which often helps pay for care at nursing homes, some assisted living facilities and care at home) was for the indigent. As we are reaching the silver tsunami, the long-term care Medicaid rules for eligibility become more important since most Americans...

11 Jul Success Story Of The Month – Overcoming A Defective Or Less Than Powerful Power Of Attorney

Posted at 10:53h in Success Story of the Month

What could go wrong when using a general durable power of attorney for an agent to sign a deed (in this case, a Ladybird deed) on behalf of the principal (the one who signed the power of attorney)? Are there additional powers that should be...

Medicaid Tag

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

31 Jan Bill Passed For ABLE Account Age Adjustment

07 Dec 2023 Long Term Care Medicaid Income Cap Increase – When And How To Use A Miller Trust

02 Dec 2023 Maximum Resource Limits For Spousal Medicaid (How To Keep More For The Well Spouse If Ill Spouse Needs To Go Into Nursing Home)

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

03 Nov 5 Reasons Why You Do Not Need To Divorce To Get Your Spouse On Medicaid

03 Oct Ten Common Mistakes When Completing A Nursing Home Medicaid Application

11 Jul 10 Long-term Care Medicaid Myths

11 Jul Success Story Of The Month – Overcoming A Defective Or Less Than Powerful Power Of Attorney

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Medicaid Tag

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

06 Mar Success Story Of The Month Medicaid’s Love It Or List It?

31 Jan Bill Passed For ABLE Account Age Adjustment

07 Dec 2023 Long Term Care Medicaid Income Cap Increase – When And How To Use A Miller Trust

02 Dec 2023 Maximum Resource Limits For Spousal Medicaid (How To Keep More For The Well Spouse If Ill Spouse Needs To Go Into Nursing Home)

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

03 Nov 5 Reasons Why You Do Not Need To Divorce To Get Your Spouse On Medicaid

03 Oct Ten Common Mistakes When Completing A Nursing Home Medicaid Application

11 Jul 10 Long-term Care Medicaid Myths

11 Jul Success Story Of The Month – Overcoming A Defective Or Less Than Powerful Power Of Attorney