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...
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Medicaid
Planning for in-home care as a senior
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...
Planning now helps your qualify for New York Medicaid later
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...
Changes loom for Medicaid coverage for inpatient psychiatric care
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...
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...