Estate Planning Isn’t Just For The Elderly
When it comes to securing Medicaid benefits in New York, a well-thought-out plan is important. This blog outlines four strategies to help you navigate the Medicaid application process successfully and maximize your chances of approval. 1. Gather Comprehensive...
Medicaid planning is an essential part of preparing for the future, especially when considering the potential need for long-term healthcare. While many legitimate professionals offer genuine Medicaid planning services, it is a sad reality that some individuals and...
As part of your estate planning process in New York, one aspect that you might want to consider is Medicaid planning. Medicaid planning involves making legal arrangements to preserve your assets while qualifying for Medicaid benefits. Here is what you need to know...
Estate planning and Medicaid planning are two distinct aspects of financial planning. While estate planning ensures your assets transfer to your loved ones the way you want them to after your passing, Medicaid planning aims at protecting your wealth from high medical...
It is crucial for those who wish to set up a trust to realize how their estate plan could impact any benefits that they currently receive or may be entitled to receive. For example, assets in some trusts could disqualify the beneficiary from receiving Medicaid. On the...
It is impossible to predict when serious accidents may happen, or what sort of effects they may have. Medicaid exists to help provide people who face sudden disabilities and injuries with the financial support needed to survive. Individuals in New York with low enough...
The thought of being unable to voice your own wishes due to physical or mental inability is an unpleasant one many people shy away from. However, the possibility is one you need to consider and plan for. If you fail to do so, you may find your medical fate in the...
Medicaid is a government healthcare plan available based on need. To determine eligibility, the state will assess your parent's income and assets. For many seniors, their assets will put them over the threshold, making them ineligible for this program. However, New...
If your parents are beginning to experience the health issues often associated with aging, the time to begin Medicaid planning is now. Should they eventually require long-term care in a nursing home, Medicaid likely is the only way they will be able to pay its high...
As you or a loved one approaches your golden years, you may want to get a head-start on understanding Medicaid. Even if you submit an application, you may not receive approval. The American Council on Aging explains common reasons for a Medicaid denial. Before...