Will Applying for Medical Assistance Cost Me My Home? Cleveland Elder Law Attorney
For most of us, our home is our greatest asset. It represents a lifetime of working hard and saving, and is a legacy we hope to leave to our children after we are gone. Understandably, it’s one of the first questions most people ask when they realize they need to [...]
Qualifying for Medicaid- Can Assets Be Given Away? Cleveland Elder Law Attorney
One of the most common questions we are asked in regards to qualifying for Medicaid is if assets can be given away to enable a loved one to qualify for Medicaid. The answer, in short, is maybe. There are pretty severe penalties in place to prevent people trying to give [...]
Qualifying for Medicaid- Exempt and Countable Assets
Medicaid is a need-based program, meaning that you can only have a certain amount of assets in order to qualify for the benefits. Because there are very specific rules in place in regards to what assets can be given away to qualify, it is very important you speak with a [...]
Medicare and Medicaid – Cleveland Elder Law Attorney
There is quite a bit of confusion about Medicare and Medicaid, and what each covers. If you are helping a loved one that is facing the need for long-term care, it’s important you understand what resources are available, and how to qualify. Medicare Medicare is funded by the federal government, [...]
A Closer Look at the VA Medical Benefits Package – Cleveland Elder Law Attorney
The Veterans Association Medical Benefit Package provides veterans and their spouses with a variety of benefits, including: Outpatient medical, surgical and mental health care Inpatient hospital, medical, surgical and mental health care Substance abuse care as an inpatient or outpatient Emergency care at VA facilities Prescription drug and certain over [...]
Determining if a Reverse Mortgage is the Best Way to Pay for Long-Term Care Insurance
Using a reverse mortgage to pay for long-term care insurance is a popular option, as it frees up current assets and allows seniors to keep their current lifestyle while insuring their future. There are three important criteria that must be met in order for a reverse mortgage to make sense [...]
Reverse Mortgages and Long-Term Care Insurance
Lets face it, there is no guarantee that you will need long-term care. Because of this, it’s important to think of the need for long-term care as a risk, versus a certainty. The majority of experts agree that with this in mind, it’s better to insure against the need, versus [...]
Reverse Mortgages to Fund Long-Term Care – Cleveland Elder Law Attorney
Most elders, if given a choice, would choose to remain living in their homes for as long as possible, rather than going to an assisted living facility or nursing home. Thanks to today’s technology and advances in home health care, it is possible for the large majority of our elderly [...]