by admin | Jan 18, 2009 | Medicaid and Long Term Care
How have the rules changed concerning “immediate annuities” owned by a Medicaid applicant? The rules concerning Medicaid eligibility for an applicant or spouse of the applicant who owns an “immediate annuity” (one that is paying out a fixed monthly or yearly sum for...
by admin | Jul 24, 2008 | Medicaid and Long Term Care
Government programs that help you stay at home. Although Medicaid generally is thought of as the government program that pays for the cost of long term nursing home care, there are Medicaid and other government programs that assist elderly or disabled residents...
by admin | Jan 8, 2008 | Medicaid and Long Term Care
What if the healthy spouse dies first? As we live longer, it is increasingly common to find a healthy spouse providing a significant level of care at home for an ill spouse. Although the expectation is that the healthy spouse will outlive the ill spouse, that is not...
by admin | Jul 23, 2007 | Medicaid and Long Term Care
Should you give your home to your children now? As with many legal questions, the answer is an annoying “sometimes you should, and sometimes you should not—-it depends on the individual family circumstances.” Here are some of the considerations: If one spouse is...
by admin | Jan 7, 2007 | Medicaid and Long Term Care
There still are important asset protections for a husband and wife if only one spouse requires long term care. The 2006 legislative changes that I wrote about last year do not have any effect on Medicaid’s spousal asset protection rules. A very important protection...
by admin | Jul 17, 2006 | Medicaid and Long Term Care
The “look-back” period for gifts has been increased from three years to five years. On February 8, President Bush signed legislation that makes radical changes in the Medicaid eligibility rules. One such change has to do with what is referred to as the “look-back”...
