In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, addresses a very common question and explains the basic difference between Medicare and Medicaid. ? What is the Difference Between Medicare and Medicaid? Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. Today I want to address a very […]
Is it Too Late for Medicaid Eligibility Planning Once Someone is Already in a Nursing Home?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, debunks the common myth that it is too late to engage in any Medicaid eligibility planning once somebody is already in a nursing home. ? Is it Too Late for Medicaid Eligibility Planning Once Someone is Already in a Nursing Home? Transcript: […]
Does Being in a Medicaid Bed Mean You Receive Less Care?
Boy, you wouldn’t want to be in a nursing home in a Medicaid Bed because you’re not going to get the same quality of care as somebody who is there paying for that care privately. This is simply not a true statement for a number of reasons. The term Medicaid Bed is a financial term […]
Married Couples and Medicaid: Establishing Eligibility is Much Easier and Can Happen Much Sooner than You Probably Think
With the help of a good Elder Law attorney, establishing eligibility for Medicaid for a spouse in a nursing home can occur much sooner and is much easier to accomplish than what you might expect. Within the Medicaid eligibility rules, there are plenty of opportunities for achieving this. Because of the way the income rules work […]
Are Birthday And Holiday Gifts Included In The Medicaid 5-Year Look Back?
If you’ve looked into Medicaid eligibility at all, you are probably aware there is something called a look-back period, which basically says that gifts and other transfers of assets for less than fair-market value that are made within five years before someone applies for Medicaid will cause a transfer penalty, which can cause a delay […]
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