How Medicaid Planning Trusts Protect Assets What are Medicaid Asset Protection Trusts (MAPT)? Medicaid Asset Protection Trusts (MAPT) can be a valuable planning strategy to meet Medicaid’s asset limit when an applicant has excess assets. Simply stated, these trusts protect…
Things to Know About a Qualified Income Trust An estimated 58% of men and 79% of women aged 65 and older will need long-term care at some point in their lives. Long-term care is costly. The average cost of a private nursing home…
How to apply for Medicaid Below is a general guide to the Medicaid application process. Be sure to contact your local Medicaid office for state-specific rules. Note: Your Medicaid office may be called the Department of Health, the Department of Social Services, the Department…
Importance of Having the Right Power of Attorney When Applying for Medicaid A Power of Attorney is one of the most important documents for an older person to have, especially when they plan on applying for Medicaid Long Term Care…
Getting Around the Transfer Penalty for Pooled-Trust Transfers for Individuals 65 Years and Older By Jill Roamer, J.D., CIPP/US Special Needs Planning, Medicaid Planning, Case Law Medicaid laws can be cumbersome and tricky. Federal statutes set out the framework for certain Medicaid eligibility rules…
I’m NOT in a Low-Income Bracket, I Couldn’t Possibly Qualify for Medicaid, Think Again! I’m NOT in a Low-Income Bracket, I Couldn’t Possibly Qualify for Medicaid, Think Again! Think you make too much money to be eligible for Medicaid? Have…