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Medicaid planning is a very important process for older adults who think that they may need to move into a nursing home eventually. Advanced planning helps someone get benefits more quickly when their health begins to decline. Otherwise, there is a lengthy lookback...
Among other requirements, you must be financially eligible for Medicare benefits. It means that your income or assets should not exceed a specific amount. For example, you cannot be eligible for Medicaid in New York if you have more than $1,563 per month or more in...
Medicaid is a program that is seemingly constantly evolving. These changes can impact the futures of you and your family. Next year is no different. Several significant changes from the New York Legislature will go into effect that will likely benefit people's lives....
When transferring the ownership of real estate or property to your loved one or a trust, you must sign off your legal claim to the property or asset under consideration. The fastest way of doing this is by using a quit claim deed. A quit claim deed is a legal document...
Seniors who need care and assistance with day-to-day living often state that they do not want to spend their twilight years in a nursing home. For them, hiring an aide to assist them at home can be a viable option. Deciding whether or not to hire an in-home aide is a...
Many people who need Medicaid benefits later in life didn't expect that they would. After all, they can use Medicare for most of their costs after they turn 65, and they may have a career's worth of retirement savings set aside as well. Older adults frequently...
Long-term inpatient care is expensive. Still, it is a crucial form of medical intervention for those with psychiatric conditions or mental health problems. Significant mental health issues often have a correlation with difficulty earning money or keeping a job, which...
When the pandemic exacerbated the financial resources of millions of Americans, the federal government responded quickly by eliminating requirements for Medicaid recipients to update their circumstances in the system through annual recertification. While this brought...
Applying for Medicaid means opening yourself up to financial scrutiny. In New York, applicants need to prove that they do not have the income or assets to cover all of their medical costs themselves. Their current financial information and years of records will be...
The current medical state of emergency in force across the country is set to end in April. Fears are that many will see their entitlement to Medicaid end with it. As part of the emergency, the federal government gave funding to states on the condition that they did...