Estate Planning Isn’t Just For The Elderly
Medicaid is essential for many individuals needing long-term care. In New York, understanding Medicaid's spend-down rules is key for eligibility. If your income or assets exceed Medicaid limits, the spend-down process can help reduce your financial resources and make...
Long-term care encompasses the support services that individuals may need as they age or if they have a disability or chronic illness that requires assistance with everyday activities. In New York, these costs can be substantial, making early planning a crucial step...
When you apply for Medicaid and are over the age of 65, different rules apply to you than for other applicants. The state will assess your assets as part of the qualification process. According to the New York Department of Health, the state looks at all countable...
As discussed in Anthony J. Enea Esq.’s recent article, “Seniors and the Disabled Get a Needed Reprieve from the Imposition of the new Penalty and Lookback Period for Community Medicaid,” and Samantha Lyons Esq.’s blog, “New 2021 Medicaid Rates,” the new look back for...
People grow older. It is a fact of life that’s not always easy to accept. As time marches on, the people we know and love grow older, their lives change and their physical needs change. People’s bodies do not work the same way they did when they were younger and some...
What is Medicaid? Medicaid is a joint federal and state health care program for eligible individuals in need of medical assistance or care. The program provides aid for serious medical needs, long-term care (in the home or at a nursing home) and rehabilitation. The...
All too often it comes as a huge surprise to my clients when they learn that IRA's, Keogh's, 401k's and other qualified retirement accounts that are in pay out status (meaning one is receiving his or her required minimum distribution or a regular periodic payment) are...
You may be the kind of person who is always on top of things. Let's say you are good at planning. Even so, you worry about your child. Having a child with special needs can be difficult, and planning for his or her feature can be overwhelming. When you plan for a...
Applying for Medicaid nursing home or home care is an extremely complex process - one with potential complications not often evident at first glance. The rules and regulations relevant to Medicaid eligibility also change frequently and vary by state. Securing the...