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Nursing Home Medicaid Eligibility and Estate Planning
All of the articles written on this site are tailored toward Florida nursing home Medicaid eligibility, also known as ICP Medicaid, and estate planning. Some of the techniques discussed in these articles may not be applicable in all States. Though the nursing home Medicaid system is based on federal law, each State can elect specific...
The Importance of Understanding Nursing Home Medicaid, Asset Protection, and Estate Planning.
As we all know, a stay in a nursing home is a substantial cost, and rising. As a result, individuals and their loved ones need to plan strategically to protect assets they have worked a lifetime for. These unbearable nursing home costs could easily impoverish even the most well-to-do families. Should you or your loved...
The Legality and Ethics behind Estate Planning and Asset Protection
Any of the articles and/or suggestions presented in said articles on this site are legal. I could never propose an estate planning and/or asset preservation technique that was not. The best example would be simply hiding money, assets or income. This will get you in hot water with the law should you decide not to...
Eligibility and Application for Nursing Home Medicaid Qualification
The timing of applying for nursing home Medicaid / ICP Medicaid eligibility is an important aspect of strategic estate planning. Clearly, applying late could result in you and/or your loved one having to private pay rather than receiving payment from the government. As you are aware, this can be a significant and costly mistake. Additionally,...
Gifting, Asset Transfers, and the Look-Back Period with regards to Nursing Home Medicaid Qualification, Nursing Home Medicaid Filing and Estate Planning
I briefly touched on this subject in another article entitled “Eligibility and Application for Nursing Home Medicaid Qualification.” If you make a gift and/or transfer assets you may be ineligible to receive nursing home Medicaid benefits during what is known as the “penalty period.” Unfortunately, even if you are in a nursing home Medicaid qualified...
Plan Ahead For That Unlikely Nursing Home Stay
How to financially prepare for a nursing home This is one of the most important articles I will write regarding nursing home Medicaid and the importance of pre-planning. I am going to write about two effective strategies to keep you from losing your life savings should you and/or your spouse need nursing home care. First...
Dad needs nursing home Medicaid, what about Mom?
My Spouse Has To Go Into A Nursing Home How to figure Minimum Monthly Maintenance Income Allowance for Purposes of Nursing Home Medicaid Qualification Mr. and Mrs. Smith lived in a house just down the street. They were by no means rich but they did have some money in the bank. With their combined income,...
The Nursing Home Medicaid Decision
When is it time to place my loved one in a nursing home? Over the years I have sat with thousands of people: Caregivers, spouses, family members and friends. One thing these caring individuals have in common is they struggle with the decision of when to place their loved one in a nursing home. The...
Life Insurance and Nursing Home Medicaid Qualification
How Life Insurance May Affect Nursing Home Medicaid Eligibility In this article I’m going to be talking about Life Insurance and the connection with nursing home Medicaid qualification. If I identify one issue that confuses most people in the nursing home Medicaid qualification process, it would be life insurance. Life insurance is an after-thought in...
Income and ICP Nursing Home Medicaid Eligibility
Many people have heard that to qualify for ICP nursing home Medicaid benefits (Institutional Care Program also known as Nursing Home Medicaid) you have to spend down all of your assets. Additionally, individuals have heard you must have little to no income or you will not qualify for nursing home Medicaid benefits. This is only...
Recent Posts
- Nursing Home Medicaid Eligibility and Estate Planning All of the articles written on this site are tailored ...
- The Importance of Understanding Nursing Home Medicaid, Asset Protection, and Estate Planning. As we all know, a stay in a nursing home ...
- The Legality and Ethics behind Estate Planning and Asset Protection Any of the articles and/or suggestions presented in said articles ...
- Eligibility and Application for Nursing Home Medicaid Qualification The timing of applying for nursing home Medicaid / ICP ...