The community spouse may retain ownership of a certain amount of property without impacting your eligibility for medicaid coverage. When you are planning ahead for the latter portion of your life, you should recognize the fact that Medicare will not pay for long-term care. Topics covered in this report include: Limitations of MedicareLong-Term Care CostsMedicaid PlanningThe Healthy or Community Spouse Click here to read the whole article or download the PDF. … [Read more...] about Free Report:What Can My Spouse Keep When I am Applying for Medicaid in Indiana?
Medicaid
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?
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?
We're Still Healthy, Is Medicaid Planning Relevant?
When you are preparing for the eventualities of aging Medicaid planning may well be relevant. This is because of the fact that Medicare doesn't pay for long-term care, and most people will need help with their activities of daily living eventually. It is not a simple matter of getting out your checkbook. If you combine the average length of stay with the average cost of nursing home care the figure is going to be in the vicinity of $200,000 using today's prices. The costs of … [Read more...] about We're Still Healthy, Is Medicaid Planning Relevant?
Indiana Medicaid Planning: When Is it Too Late?
Medicaid planning is something that is often overlooked, but when you consider the rapid aging of the population coupled the present state of the economy it is relevant to a high percentage of Americans. Because of the maturation of the baby boomer generation our population is aging very rapidly. There are about 10,000 people becoming eligible for Social Security every day. Projections suggest that this number of applications is going to be submitted to the Social Security … [Read more...] about Indiana Medicaid Planning: When Is it Too Late?
Can't I Just Give Away My Assets and Qualify for Medicaid Benefits?
There are people who don't understand why Medicaid would be something that is relevant to senior citizens. You work all of your life and payroll taxes are deducted from your wages or salary. These taxes are going toward benefits that you become eligible for when you are a senior citizen. These would include Social Security and Medicare. Medicaid is a health care safety net that is in place for people who have virtually no financial resources. Why would a person who is eligible for Medicare … [Read more...] about Can't I Just Give Away My Assets and Qualify for Medicaid Benefits?
Medicare and Medicaid in Indiana: What's the Difference Between Them?
When you're planning ahead for your retirement years you should know everything that you need to know about the government programs such as Medicare and Medicaid in Indiana, that are available for seniors. You should also consider the twilight years that follow the active retirement years if you want to be comprehensively prepared. Some people are confused about Medicare and Medicaid. They are not different facets of the same program. In this post we would like to provide some … [Read more...] about Medicare and Medicaid in Indiana: What's the Difference Between Them?
Retirement Planning in Indiana: Know the Facts
When you are looking forward toward retirement and otherwise preparing for the eventualities of aging you need to know all of the relevant facts about retirement planning in Indiana. One of the best ways to go about this type of planning is to do it with the assistance of a licensed elder law and retirement planning attorney. This having been stated, there is a certain amount of research that you can do online to prepare for your consultation so you can ask the right questions. We … [Read more...] about Retirement Planning in Indiana: Know the Facts
Medicaid Questions Answered
Because of the fact that so many people are seeing their senior years start to come into focus there are a lot of questions about government programs like Medicare, Medicaid, and Social Security. We would like to look at three of the more commonly asked questions about the Medicaid program as it applies to senior citizens. 1.) I have worked all my life and I will be qualified for Medicare. I've heard Medicaid is relevant to seniors. Why is this? The reason why Medicaid is … [Read more...] about Medicaid Questions Answered
