In last week’s video, What you can and can’t keep with Medicaid: Farm Land – Part A, we learned that farm land can be treated as an exempt asset, when determining Medicaid eligibility, if it is considered as part of your residence. But, this isn’t the end of the story. There are other circumstances that can […]
What you can and can’t keep with Medicaid: Farm Land – Part A
When determining Medicaid eligibility, there are many rules about which assets you are and aren’t allowed to keep. Many of us own a residence, but what if you own farm land? As it turns out, farm land can be treated as an exempt asset if it is considered as part of your residence. So, how does […]
What you can and can’t keep with Medicaid: Cars and Trucks
Most of us own a vehicle. Let’s face it they are a necessity in life. However, when looking at applying for Medicaid, this necessity may or may not be an asset we can keep. So, what are the Medicaid rules on cars and trucks and other personal use vehicles? And, is there a way to […]
What you can and can’t keep with Medicaid: Life Insurance
Life insurance is an asset that is looked at by Medicaid when determining eligibility. But not all life insurance policies are the same and so they are not all treated the same way either. So, which type of life insurance policy may I keep? And is there a limit to the value? In this Elder Law […]
The Illinois Office of the Inspector General: Think of it like the Spanish Inquisition
The Medicaid application process should be a neutral administrative process, but unfortunately, with the Illinois Office of the Inspector General (OIG) it is not. Likening the process to the Spanish Inquisition may seem severe, however with a person’s long-term care future at stake, this caution is fundamental. The five-year look back is a process that should […]
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