The Medicaid Gift Penalty
Something to be aware of when you or a loved one is applying for Medicaid is the Medicaid gift penalty. If you or your loved one has given a substantial ...
Investigating State Medicaid Laws Before Moving
While Medicaid is a federal program that every American may qualify for the program is administered by the states. This means if you or an elderly loved one are considering ...
Preventing Medicaid Fraud
Medicare fraud occurs when a healthcare provider purposely files a claim for services Medicare does not cover. For example: A medical equipment vendor bills Medicare for equipment a patient never ...
Will Leaving a Nursing Home for a Family Visit Jeopardize Your Medicare or Medicaid?
Many nursing home residents miss out on spending holidays and other special occasions with their families because they fear they will lose their Medicaid or Medicare if they leave the ...
Long Term Care Insurance
Long term insurance costs depend on the options chosen by the applicant. The more options you choose, the higher the cost of your plan will be, but it will still ...
Medicaid and Assets: Key Terms
Prenuptial Agreements: When it comes to Medicaid, a married couples assets combine to become marital property, regardless of any prenuptial agreement. In order to be eligible for Medicaid, a married ...
Reverse Mortgages and Medicaid
While reverse mortgages do not affect Medicare or social security income, they can affect local programs such as Medicaid. In Ohio, the proceeds from a reverse mortgage that is received ...
Medicaid and Partnership Long-Term Care Insurance Policies
Each individual state will have the opportunity to help protect Medicaid budgets by implementing Long-Term Care Insurance Policy plans. Requiring that benefits of qualifying insurance policies be paid before Medicaid ...
Understanding Medicaid
Medicaid, established by federal law, is administered by each state individually. Medicaid is considered a long term care payer of last resort for frail seniors, people with health problems, mental ...
Medicaid Planning With Annuities
An annuity is a contract between you and your insurance company in which you agree to pay your insurance company a specified monetary amount and the company agrees to send ...