by admin | Apr 3, 2014 | Connecticut Estate Planning Attorney Blog, Medicaid and Long Term Care
Last month, we wrote about the Medicaid “look-back” period. The look-back period is the five year period that starts on the date the Medicaid applicant files an application for long term care assistance and covers the five years immediately prior to that application...
by admin | Feb 4, 2014 | Connecticut Estate Planning Attorney Blog, Long Term Care Issues, Medicaid and Long Term Care
The Department of Health and Human Services has announced the new poverty income guidelines for 2014. The new guidelines mean that minimum monthly maintenance needs allowance (MMMNA) will increase from the present $1,938.75 to $1,966.25 no later than July 1, 2014. ...
by admin | Feb 4, 2014 | Connecticut Estate Planning Attorney Blog, Long Term Care Issues, Medicaid and Long Term Care
Gift and Estate Tax: The federal lifetime exemption for property passing to non-spouse beneficiaries has been increased to $5,340,000.00. The Connecticut lifetime exemption for property passing to non-spouse beneficiaries remains $2,000,000.00. There is still an...
by admin | Mar 1, 2013 | Connecticut Estate Planning Attorney Blog, Insurance Claims, Long Term Care Issues, Medicaid and Long Term Care
Did you know that even if you stay in the hospital overnight for several nights, you may never be formally “admitted” as in inpatient and instead may be considered an “outpatient” because the hospital coded you as being on “observation status”? Your status as an...
by admin | Feb 6, 2012 | Connecticut Estate Planning Attorney Blog, Estate Planning, Medicaid and Long Term Care, Veterans
The VA pension is a benefit paid to wartime veterans who have limited or no income and who are either (1) age 65 or older; or (2) who are under age 65 but permanently and totally disabled (not due to the veteran’s own willful misconduct). Veterans who qualify for the...
by admin | Jul 25, 2011 | Connecticut Estate Planning Attorney Blog, Medicaid and Long Term Care
Medicaid planning: Bad news for Connecticut spouses applying for Medicaid. If one spouse is in a nursing home (“Institutionalized Spouse”) and the other spouse remains at home (“Community Spouse”) federal law allows the Community Spouse to keep ½ of the couple’s...
