Category: Medicaid Planning
When it comes to protecting your assets and preparing for the possibility of long-term care, Medicaid can be a powerful tool. But unfortunately, there are a lot of myths out there that can lead you in the wrong direction—or worse, keep you from planning at all. If you’ve ever heard someone say “Medicaid will take […]
“You probably anticipate living on a fixed income in retirement. However, you may not expect how much your spending will fluctuate. Many individuals tend to shell out more money at the outset of retirement, due to lifestyle adjustments or travel.” Starting retirement with a bang can make a big dent in your nest egg no […]
Days ago, on Tuesday 3/26/19, the New York State Court of Appeals in Andryeyeva v. New York Health Care, Inc., et. al., held that home care agencies are not required to pay a “live-in” aide for each hour of a 24 hour shift. Instead, they are only required to pay up to 13 hours for the […]
“Many Americans confess that they are confused when faced with the myriad Medicare choices available to them. Others are simply not planning, nor saving enough to meet the challenge of health care costs in old age. In response, a whole new industry has sprung up nationwide.” A recent iberkshires.com post, entitled “The Independent Investor: Elder […]
Of the three leading diseases that kill most Americans, two are well known for being financial nightmares: heart disease and cancer. The cost of drugs, multiple surgeries and hospitalization are widely recognized as presenting huge financial challenges to families, even when there is health insurance. But less known is the high cost of dementia. A […]
One of the most commonly-asked question to estate planning attorneys is “How much money do I need to retire?” The two questions underlying that question: how long will I live, and do I have enough money? If your health is good and your health habits are good, you may live longer than your parents, although […]
Helping a loved one when they are not able to care for themselves, whether because they are ill or frail due to advancing age, is a challenging task. Oftentimes an adult child is tasked with communicating with doctors, managing a parent’s healthcare and their finances as well. It is a difficult task, but there are […]
“So don’t give away your money. There are other things you can do ahead of time. Talk to an elder law attorney to make sure you are maximizing your dollars, that you can still give your kids some kind of inheritance and still go into a skilled nursing home on Medicaid.” A recent article in […]
