The unpleasant reality is that we all stand a good chance of needing long-term care at some point in our lives. If you fail to consider the possibility, you could face significant financial hurdles as a result should you end up in long-term care (LTC). Like many seniors, you may end up turning to Medicaid to help cover the high cost of LTC; however, qualifying for Medicaid might lead to Medicaid’s … [Read more...] about What You Need to Know about Medicaid Spend-Down
If all goes well, you will be able to live out your final years in your own home; however, there is a good chance though that you (or a spouse) will end up needing the type of care that can only be found in a nursing home setting. Failing to plan ahead for that possibility could put your assets, including your retirement nest egg, at risk. The Port St. Lucie Medicaid planning attorneys at Kulas … [Read more...] about Are You Prepared to Pay for Nursing Home Care?
As a senior, the likelihood that you will need to qualify for Medicaid increases substantially as a result of the high cost of long-term care. Consequently, it is wise to plan for the possibility by learning more about the Medicaid eligibility requirements. Among the most important of those requirements is the Medicaid look-back period. To help you better understand, a Port St. Lucie Medicaid … [Read more...] about Understanding the Medicaid Look-Back Rule
If you are a senior who is struggling with the physical and/or mental deterioration that comes along with the natural aging process you may reach a point where it becomes unsafe for you to care for yourself without help. Understandably, however, you do not want to leave your home and move to a long-term care facility. By the same token, you don’t like the idea of someone you don’t know caring for … [Read more...] about Will Medicaid Pay a Family Member to Care for Me in Florida?
Hopefully, you already have at least a basic estate plan in place. If so, you are off to a great start. If your estate plan doesn’t include Medicaid planning, however, and you are already enjoying your “Golden Years,” you might find yourself facing a dilemma. If you suddenly need to qualify for Medicaid, and did not plan ahead for that possibility, your retirement nest egg might be at risk. That … [Read more...] about When Is It Too Late for Medicaid Planning to Help?
For many people, Medicaid planning is an essential addition to a well thought out estate plan. The need for Medicaid planning stems from the potential need for long-term care and the corresponding high cost of that care. Understanding the need for Medicaid planning, however, is only the beginning of formulating a successful Medicaid planning component. You also need to understand the often … [Read more...] about Medicaid Planning Requires Understanding How Medicaid Recovery Works
If you are contemplating the need for long-term care for yourself, or for an elderly loved one, in the future you may be worried about how to pay for that care when the time comes. If so, you are certainly not alone. The high cost of long-term care (LTC) is a concern for the vast majority of seniors in the United States. One avenue you may pursue for assistance with LTC expenses is qualifying for … [Read more...] about Vero Beach Medicaid Attorneys Explain the Spend Down Rules
A comprehensive estate plan will include a wide range of inter-related estate planning goals and objectives. Collectively, these goals and objectives will do much more than simply decide how your estate assets are distributed after you are gone. They will also protect those assets and help them grow over the course of your lifetime as well as protect you and your loved ones. One of the most … [Read more...] about Why Is Vero Beach Medicaid Planning Important?
If you are still several years away from your retirement years, and you have never before needed to qualify for Medicaid benefits, you may wonder why you keep hearing about the need to include Medicaid planning in your estate plan. You are not alone. Many people fail to understand the need to plan ahead for the possibility that they will one day turn to Medicaid for help. Because that possibility … [Read more...] about Vero Beach Medicaid Attorneys Explain the Need to Plan Ahead
At this point in your life you may be fortunate enough to have employer sponsored health insurance coverage for you and your family. As such, you may have never given much thought to qualifying for Medicaid benefits. When you create your comprehensive estate plan, however, you need to do more than just think about qualifying for Medicaid as a senior. You need to include Medicaid planning in your … [Read more...] about Vero Beach Medicaid Planning Tips