At some point, the mental and physical changes that occur as a result of the natural aging process may cause you to need the type of care that can only be provided by a long-term care facility. The high cost of long-term care, however, may cause you to turn to Medicaid for help. One concern many seniors have when considering Medicaid as an option is how relying on Medicaid will affect their spouse who plans to remain in the community. To help you better understand how relying on Medicaid might … [Read more...] about What Is the Medicaid Minimum Monthly Maintenance Needs Allowance?
If you are still relatively young, the idea that you may one day need to rely on Medicaid to cover your medical expenses may seem farfetched. The reality, however, is that could actually happen in the future. If you do find yourself in a position where you need to qualify for Medicaid, any recent assets transfer could be problematic. To help you understand, a North Andover Medicaid planning attorney at DeBruyckere Law Offices explains how the transfer of assets can impact Medicaid … [Read more...] about How the Transfer of Assets Can Impact Medicaid Eligibility
Most people have heard of both Medicare and Medicaid. In fact, people often use the names of the two healthcare programs interchangeably when, in fact, there are important differences between them. Because there is a good chance that you will need to rely on both programs as a senior, understanding those differences is important. To get you started, the Woburn Medicaid planning attorneys at DeBruyckere Law Offices compare the Medicare and Medicaid programs. Medicaid Benefits and Eligibility … [Read more...] about Comparing Medicaid and Medicare
If you were fortunate over the course of your working years to be covered by employer-sponsored or privately purchased health insurance, you likely know very little about the Medicaid program. During your retirement years, however, you may find yourself in a position where eligibility for Medicaid becomes important. One of the many myths about Medicaid is that relying on Medicaid to pay for long-term care means your spouse will be left out in the cold. The Londonderry Medicaid planning attorneys … [Read more...] about What Is a “Community Spouse?”
If you are among the many Americans who go through their entire working years without ever needing to turn to Medicaid for healthcare assistance, you probably know very little about the program. You may, however, find that you do need to rely on the benefits offered by the Medicaid program when you enter your retirement years. As such, it may be beneficial to learn more about the program. With that in mind, the Nashua Medicaid planning attorneys at DeBruyckere Law Offices have put together the … [Read more...] about 5 Things You Probably Didn’t Know about Medicaid
Few people look forward to growing old. Fewer still enjoy planning for the physical, mental, and practical consequences of the natural aging process. Failing to plan for your own aging process, however, could result in additional unwanted consequences. One aspect of your retirement years that should be included in your overall estate plan is nursing home planning. Like most people, you are likely hoping that a nursing home will not be necessary; however, there is simply no way to know ahead of … [Read more...] about Why Nursing Home Planning Is So Important
Like many people, you may have heard others discussing the need for Medicaid planning to be part of an overall estate plan and assumed it did not apply to you. After all, you may have made it through your entire life to this point without ever relying on Medicaid to help with your healthcare expenses so why would you worry about Medicaid eligibility now? While that train of thought is understandable, it can also put you and your assets at risk during your retirement years. For the average … [Read more...] about 5 Reasons Why Medicaid Planning Should Be Part of Your Estate Plan
When it comes to estate planning, one of the most important aspects of most plans should be the addition of a Medicaid planning component. Given the likelihood that you will need long-term care at some point, and the high cost of that care, developing a plan for covering those costs only makes sense. For one reason or another though, you may find yourself faced with the need to pay for long-term care (LTC) for yourself or a spouse but without the benefit of having included a Medicaid … [Read more...] about Is It Too Late to Benefit from Nashua Medicaid Planning?
Like most people, you probably know something about both Medicaid and Medicare; however, do you know enough about them to know when you can rely on them and if you qualify for benefits? You may be counting on Medicare to cover your healthcare expenses when you reach retirement age, but did you know that Medicare won’t cover some of your most costly medical care? Conversely, you may have assumed you would never need to rely on Medicaid because you have always had private health insurance, but … [Read more...] about What’s the Difference between Medicaid and Medicare?
As a senior, there is a very good chance that you, or your spouse if you are married, will need long-term care at some point. The cost of that care will not be cheap. In fact, if you failed to plan ahead, your long-term care (LTC) costs could deplete your retirement nest egg in short order. Fortunately, Medicaid may be able to help. You may, however, have heard people talk about the Medicaid eligibility rules and the fear that those rules will leave the community spouse without resources. At one … [Read more...] about Andover Medicaid Attorneys Explain the Spousal Impoverishment Rules