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 […]
Does Gift Tax Affect Me?
One of the cornerstones of asset preservation planning is getting assets out of your name and out of harms way, which often leads to the question, “Will I have to pay gift tax?” This is a valid question. As part of the planning, assets may be moved into a trust, which is a great way […]
What Service Requirement Must Be Met For VA Pension Benefit Eligibility?
One of the most frequent questions that we get regarding VA Aid and Attendance benefits eligibility is: What is the service requirement to qualify? Some people believe that you have to have been career military, or have had at least two years in, engaged in active combat duty or even been in the country where […]
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