Before we explain the Medicaid Monthly Maintenance Needs Allowance, we should look at the value of Medicaid planning for people who were never financially needy. Long-Term Care Costs If you have worked throughout your life prior to retirement, you are going to qualify for Medicare coverage. In fact, the eligibility requirements are quite modest. You earn retirement credits when you are working and paying taxes. Each year you can earn as many as four retirement credits. … [Read more...] about What Is the Medicaid Monthly Maintenance Needs Allowance?
Elder Law
What Are the Disadvantages of a Medicaid Trust?
Medicaid is thought of as a program that is only relevant to people who have virtually no financial resources. This is true to a large extent, but there is more to it when you understand the facts. Most seniors will qualify for Medicare when they reach the age of 65. You would logically assume that you won't need Medicaid if have Medicare coverage, and you wouldn't qualify anyway. In fact, many elders who were never financially needy ultimately do seek Medicaid coverage, … [Read more...] about What Are the Disadvantages of a Medicaid Trust?
What Questions Should I Ask an Indianapolis Elder Law Attorney?
If you are concerned about the challenges that you may face when you enter different stages of life, you should sit down and discuss everything with an elder law attorney. This type of attorney is focused on matters that are of particular interest to senior citizens. When you are fully aware of the elder law issues that people are facing, you can take the right steps to prepare yourself. Let's look at some questions that you should ask your elder law attorney. 1.) Will Medicare cover all … [Read more...] about What Questions Should I Ask an Indianapolis Elder Law Attorney?
Is Medicaid Strictly for the Poor?
The Medicaid program is a government run health insurance program. It is jointly administered by the federal government and each respective state government. It is a need-based program. Because Medicaid is a need-based program, there are asset and income limits. The program is theoretically designed to assist those who are financially needy. However, it is relevant to many senior citizens who were never poor. Long-Term Care & Medicare Most people are going to qualify for Medicare … [Read more...] about Is Medicaid Strictly for the Poor?
Nursing Home in Indiana [Infographic]
Everyone has different needs and requirements when it comes to nursing homes, therefore it is really important for you to assess what you really want for you to end up residing in the best nursing home for you. This infographic shows you ten important tips on how to find the right nursing home in Indiana. … [Read more...] about Nursing Home in Indiana [Infographic]
Can Medicaid Planning Begin After Dementia Symptoms Appear?
Custodial care is not covered by Medicare. This is the type of care that you would receive in a nursing home or assisted living community. Medicare will only pay for convalescent care after surgery for a period of time not to exceed 100 days. This presents a challenge for many individuals, because the majority of Americans will eventually need long-term care. A stay in a nursing home or assisted living community is extremely expensive. Most people cannot comfortably … [Read more...] about Can Medicaid Planning Begin After Dementia Symptoms Appear?
What Is Medicaid?
Medicaid is a need-based, government run health insurance program. It is jointly administered by the federal government and each respective state government. The way that the Medicaid program works for all people of all ages is a subject for a different post on a different blog. As elder law attorneys we focus on Medicaid in a particular context. Long-Term Care Medicaid is a need-based program as we mentioned in the first section. To qualify you must have very limited … [Read more...] about What Is Medicaid?
Medicaid Recovery in Indianapolis IN: Can I Add an Heir to My Property Title to Avoid It?
When you get serious about planning ahead for the eventualities of aging you may learn about some things that you never considered. One of these is the fact that Medicare won't pay for long-term care. As a result, Medicaid is relied upon by most seniors who reside in nursing homes. Because of this, Medicaid recovery in Indianapolis IN is an important consideration. Medicaid will assist with long-term care costs if you can stay within the low upper asset limit of $1,500. … [Read more...] about Medicaid Recovery in Indianapolis IN: Can I Add an Heir to My Property Title to Avoid It?
Veterans Estate Planning, Elder Law & Veterans Day
As we observed Veterans Day on November 11th (and throughout the month as a whole) we are reminded of the sacrifices that are made by our country's veterans so that we can all remain free. Generations of service members have contributed to the ongoing freedoms that Americans enjoy. As we observe this important holiday, we would like to touch upon estate planning and elder law as it applies to veterans. Legacy Planning When you are planning your estate you should consider the matter … [Read more...] about Veterans Estate Planning, Elder Law & Veterans Day
What Do Elder Law Attorneys in Indianapolis IN Focus On?
Elder law attorneys in Indianapolis IN focus on matters that are particularly relevant to senior citizens. Most elder law attorneys devote their time to assisting individual clients who are preparing for the eventualities of aging. While there are other pressing elder law issues, the matter of long-term care costs is a top priority. For most, Medicaid will be the solution. Medicaid Planning People are living longer than ever, with the age group comprised of people between 85 … [Read more...] about What Do Elder Law Attorneys in Indianapolis IN Focus On?
