If you’re concerned that Medicaid might take your home or your parents’ home after long-term care, you’re not alone. Many families are shocked to learn that Medicaid can pursue the value of a person’s estate after they pass — and homes are often the #1 target. This guide will help you understand how Medicaid estate […]
When one spouse needs nursing home care, married couples often face financial uncertainty. Medicaid can provide vital assistance for long-term care costs, but navigating the rules as a married couple adds layers of complexity. Without a plan, one spouse could end up impoverished while the other receives care. This guide explains everything you need to […]
Aging comes with many challenges. As your body and health fluctuate, you may become more aware of how you want your loved ones to support your financial goals when a time comes that you cannot. Creating a power of attorney can give you and your loved ones peace of mind. Although you may not want to consider a situation where…
If you recently received a denial on your application for New York Medicaid benefits, you probably have a lot of questions. A Medicaid denial is a nerve-wracking experience, especially when you are not sure why you received it in the first place. Here are some potential reasons why Medicaid denied you and what you can do about it. How common…
As a caregiver for your loved one or elderly parent, you want to provide the best care available and do the right thing. You also want to make sure to keep their financial situation as strong as possible. These admirable goals often hinge on having the proper documentation on hand at all times. The necessary papers AARP emphasizes holding and…
When you entrust your loved one to a care facility, it feels like one of the hardest decisions. Even the highest level of care does not always feel like a good substitute for your own, but at the same time, many working people simply do not have the means, time or ability to care for a loved one properly. This…
As your parents age, you may notice that they have a more difficult time caring for themselves. They may injure themselves more easily, forget important details or lose the ability to be independent. According to Caring.com, as of 2019, there were over 53 million Americans 65 years old and older. As Americans age, there is a growing need for long-term…
It’s difficult to watch your aging parent decline, and more difficult still to realize they are no longer able to manage alone. Your elderly loved one may be capable of managing their personal care but is making bad financial decisions. Fortunately, guardianship isn’t all or nothing. Guardianship of the person A guardianship of the person is a legal arrangement where…
Realizing you are no longer capable of going about daily life without assistance is often painful. Resistance to gaining that help by relocating into a facility is an understandable and common reaction. After all, the prospect of leaving your home for a place filled with strangers and regulated by others’ rules is hardly a pleasing one to every soul. Luckily,…
Imagine you visit your father on a regular basis. You have no concerns and all is well. Until something changes. You notice that his medication bottles go unopened or maybe they empty far too quickly. Perhaps he forgets your name or calls you by the name of a sibling. You notice that his hygiene has declined because he forgets to…
Medicaid is a health care program that provides help to a wide range of people with low incomes and limited financial resources. Established in 1965, Medicaid is jointly run by state and federal governments and provides benefits for health care and long-term care needs. Eligibility is based on a person’s income, not age or disability as the Medicare program. In…
If your spouse needs nursing home care but you do not, you may have questions about how this will affect your finances. With nursing home care ranging from $5,000 to $8,000 a month, you may have concerns about how you will afford care for your spouse. In certain situations, your spouse can still qualify for Medicaid, even if you continue…
