Medicare and Medicaid Dual Eligibility: What You Need to Know

Medicare and Medicaid are two government programs designed to help people to get the health care they need when other options aren’t available. The programs are distinct from one another, but in some cases, a person can qualify for both. This is commonly referred to as being dual eligible. There are over 9 million people in the United State who qualify for dual eligibility. Knowing if you or a loved one is among this Read More

Key Differences Between Crisis and Long-Term Medicaid Planning

Planning for the possibility that you will need to use Medicaid is something that should be done as soon as possible. Due to the fact that it is often unpredictable if, or when, you will need Medicaid, however, many people put off the planning until the last minute. While it is always best to begin your long-term Medicaid planning as soon as possible, there are also options available if you are in a crisis. Take a Read More

Where There’s a Will There’s Not Always a Way: Five Things a Will Does NOT Accomplish

Wills are an extremely important part of any estate plan, and they are an excellent place to begin for many people. Unfortunately, many people have a mistaken belief that a last will and testament will be sufficient to handle all of their final wishes. The fact is, however, that there are quite a few things wills simply can’t accomplish. Passing On Some Types of Property Wills are great for passing on a home, Read More

The Do’s and Don’ts of a Medicaid Spend Down

If you or a loved one is likely going to need to enter a long-term care facility, it is important to get on Medicaid as quickly as possible. Medicaid will pay most of the expenses associated with the long-term care facility so that it doesn’t have to come directly out of your pocket. In order to qualify for Medicaid, however, you need to ensure your total countable assets and monthly income are below specific Read More

A Brief Introduction to Asset Protection Planning

If you’ve worked hard throughout your life to build up your assets, you want to make sure that they will be there for you throughout your retirement. This is true whether you’ve still got some time before retirement, you’re planning to retire soon, or you’ve been retired for some time. Asset protection planning is one of the most important things you can do to help ensure that your assets will be there to provide for Read More

What Is the Difference Between Medicare and Medicaid?

Getting the medical care you need is essential, but it isn’t always easy. For those who don’t have private insurance, Medicare and Medicaid are two government-run programs that are designed to help people to be able to afford most types of medical care throughout their lives. While they have similar names, these two programs are quite different and are available to different—though sometimes overlapping—groups. Read More

The Eye-Opening Truth About Florida Long-Term Care: 8 Stunning Statistics

When we’re young and healthy, long-term care is usually the furthest thing from our minds. We aren’t planning for, or even thinking about, how much it costs to have around the clock care. The fact of the matter is that not only will many of us need long-term care once we are elderly, but debilitating accidents can also happen at any given age, requiring a premature need for care. There are many facets to long-term Read More

Understanding Medicaid’s Protections Against Spousal Impoverishment

Providing for the long-term care of yourself or a loved one can be a difficult reality. Requiring long-term care marks the end of a person’s independence and their ability to adequately care for themselves which can be a harsh reality, no matter what the cause. And of course anything that brings about the need for long-term care, whether it be age, accident, or disease, will have accompanying problems associated with Read More

Medicaid Eligibility: A Brief Overview of the Income Criteria

Obtaining Medicaid benefits is a complex and delicate process. Medicaid is available for individuals who are in need of financial assistance. Many elderly individuals seek Medicaid to make up for a lack of finances in their retirement years, so that they can afford the long-term care they need without spending themselves into poverty. Medicaid eligibility in the state of Florida requires that applicants fulfill Read More

3 Common Crisis Medicaid Planning Mistakes to Avoid

Once you reach a certain age, you begin to need extra help in your everyday life. Oftentimes, it sneaks up on you quite suddenly and unexpectedly. One minute you are fine, and the next minute you are heading to a nursing home. When it comes to preparing for and being able to afford our Long-Term Care needs, Long-Term Medicaid Planning is certainly ideal. However, when you are faced with a Crisis Medicaid Planning Read More