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...
Medicaid
How can a Medicaid Fair Hearing protect your benefits?
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...
How does the New York Medicaid lookback period affect you?
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...
Could your Medicaid entitlement be at risk?
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...
Low-income New Yorkers benefit from remote mental health options
It's often difficult for low-income New Yorkers to find the mental health care that they need in person, and that has only become more difficult due to the events of the last two years. Many people had no option to go into an office or didn't feel comfortable doing...
3 important Medicaid considerations for high-asset adults
Medicaid is a needs-based program, so those who have stable financial circumstances may think they will never need Medicaid benefits. The more personal property you have and the more you have set aside for retirement, the more confident you may feel about your ability...
New lookback period could make Medicaid applications tougher
If you believe that you will need to qualify for Medicaid in the future, something you may be interested in learning about is the extended lookback period. The extended law for Medicaid’s lookback period has been pushed to January 1, 2022, instead of the previous...
How New York’s Medicaid estate recovery program works
Medicaid is a needs-based program that helps people pay for necessary medical care that they can't pay for themselves or that Medicare won't cover. Generally, if someone can qualify for Medicaid insurance, they have low income levels and minimal personal assets....
Medicaid planning to cover long-term care for New York seniors
Long-term care services for senior citizens across the nation may range from costly to extremely costly. According to the New York State Department of Financial Services, long-term care in the Brooklyn region costs between about $124,000 to nearly $143,000 annually....
Helping your parents protect their legacy in their golden years
Whether you were the first generation of your family to achieve financial independence or built on your parents' success, your current circumstances are likely to be reflective of your work and that which your ancestors made during their lives. In the case of your...
