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 […]
Is Protecting Assets From Long-Term Care Costs Ethical and Moral?
The planning involved in protecting someone’s assets from the devastating costs of long-term care often spark questions with regards to its ethical and moral standpoints. As to a moral standpoint, Alzheimer’s is a destructive disease that requires a specific kind of care, usually involving a long-term care facility. While there is financial help for people […]
Does Medicaid Pay For Long-Term Care Other Than In A Nursing Home?
The types of long-term care Medicaid is available to cover and pay for differs between Illinois and Missouri. While in both states, Medicaid pays for nursing home care in a nursing home (Medicaid bed), beyond that the two states differ significantly. In Illinois, there are some assisted living facilities that have been certified as supportive living facilities and they are […]
Medicaid Asset Allowance Increase In Missouri, But Not Illinois
One of the central concerns people have with regard to Medicaid is: How much in assets can someone keep and be eligible for Medicaid? In Illinois, the Medicaid asset allowance for a single person has been $2,000. For a long time Missouri was stuck being one of the lowest of most states in the country […]
Married Couples and Medicaid: Understanding the Division of Assets Process
How the division of assets is handled, in regards to Medicaid eligibility, is important for many married couples facing one spouse entering a nursing home. This is one instance in which Missouri law and Illinois law is very different and that is the question of how much in assets the community spouse, the one not in […]
- « Previous Page
- 1
- …
- 55
- 56
- 57
- 58
- 59
- …
- 104
- Next Page »