Some attorneys and others interested in the field of Medicaid Asset Protection may have been a bit worried about a recent case arising out of Wisconsin — Hedlund v. Wisconsin Dept. of Health Services (Wis. Ct. App., No. 2010AP3070, Oct. 13, 2011) The basics of the case In this case, the court affirmed a ruling […]
Veterans Aid & Attendance Benefits Increase
Good news! For the first time since 2008, the Department of Veterans Affairs has announced an increase in maximum Aid and Attendance benefits available to veterans of the armed forces. These new figures for 2012 reflect a 3.6% cost-of-living adjustment, effective December 1, 2011: $20,447 per year (~$1,704 per month) for a qualified veteran; $24,239 […]
Timeshare Traps and How to Avoid Them
Timeshare Traps and How to Avoid Them If you are fortunate enough to go on that well-deserved vacation this year, then there is a good chance you will find yourself listening to the all-too-familiar ‘timeshare marketing pitch.’ Most people are familiar with the concept of a timeshare, but there is more than meets the eye. […]
Budgeting for Seniors
Budgeting is part of any effective Life Care Plan and becomes even more important when seniors experience a big life change, such as moving into an assisted living facility, losing a spouse or having a drastic change in health. It begins with an assessment of your resources and your needs. The purpose of Life Care […]
Is Medicaid Too Complex for Americans?
Medicaid complexity is a real problem. For those not familiar with program specifics, Medicaid – not Medicare – is the program Americans rely on to receive their long-term care. Long-term care is extraordinarily expensive – in fact, it is the single most expensive creditor Americans are likely to face. Unfortunately, understanding the various Medicaid rules […]
“How do I obtain a death certificate?”
If you have lost a loved one and are now attempting to close out their estate, we are sorry for your loss and we understand how frustrating the process can be. The steps to take after the loss a loved one can be overwhelming, but requesting a death certificate is a great place to get […]
Two Lessons from Ovarian Cancer Awareness Month
You may be aware that October is National Breast Cancer Awareness Month. However, fewer people realize that before October, is September: National Ovarian Cancer Awareness Month. More than 15,000 women will die from ovarian cancer this year, slightly less than half the number who will die from breast cancer (about 39,000). The prevalence of all […]
Those who are aware of Medicaid, but misinformed and confused
If you are confused or mistaken about the rules of gifting in the context of Medicaid qualification, you likely won’t ever venture into the practice of Medicaid Asset Protection. If you do practice Medicaid Asset Protection, but your potential clients are confused or mistaken about the rules of gifting in the context of Medicaid qualification, […]
5 Basic Reasons to Consider a Revocable Living Trust
A revocable living trust can function as a Will, but it also offers other benefits that you should consider. If you pass away without a Will or Trust, the laws of your state will determine who receives your property, and in what amount. Moreover, your heirs will be required to wait a minimum of 1 […]
Estate Planning Attorneys Warn About Matching Beneficiaries to Those Named in Your Will or Trust
As an estate planning attorney in Virginia, I have unfortunately seen many circumstances where a person goes through the time and expense of having an estate plan done, only to fail to update their beneficiaries on their financial or retirement accounts before they pass away. An example of this would be Mary naming her brother […]
Quick and Easy Steps to Monitor Medications
Pills, pills, and more pills. Senior citizens take an average of 6 to 8 prescription medications, herbal supplements, and over-the-counter drugs per day. For some people, it can be an overwhelming responsibility to manage. To compound the problem, many elders avoid going back to their physicians to have their medication dosages monitored, evaluated, and changed […]
5 Ways to Ease the Burden When Caring for Kids and Aging Parents
5 Ways to Ease the Burden When Caring for Kids and Aging Parents Did you know we just completed National Sandwich Generation Month? You may have never heard of it before, but if you care for aging parents and young children, you are part of this rapidly growing demographic. The burden of shouldering so much […]
Seniors: Gnashing Your Teeth Over the Cost of Dental Health?
Many adults know they need a living trust – not a will – to allow loved ones to skip the dreaded probate process after they are gone. But a lesser-known reality is that proper Medicaid planning may be necessary to ensure the standard of living does not dramatically change before death. Proper planning can ensure […]
Medicaid Benefits and At-Home Care
When it comes time for a child or parent to begin making plans for the beloved but aging senior in their life, the myriad of choices, paths, options and steps to take can seem endless and overwhelming–so much so that many dejectedly assume that nursing home care is the only option. But this isn’t always […]
Aid and Attendance Pension Benefit: What is the “Eligibility Verification Report?”
An important document for the veterans entitled to the Aid and Attendance benefit is a form called the “Eligibility Verification Report” (EVR) which VA sends at the beginning of the year and must be filled out every year in order to continue receiving benefits. Even when someone receives help from a loved-one when it comes […]
Medicaid disparities: children with public insurance wait longer, denied more frequently
It is hard to imagine sick children could be seriously implicated and affected by public insurance disparities…federal law, after all, prohibits discirminatory treatment between patients who receive public vs. private insurance. But what about acceptance into such facilities, before they are patients? A new study examining facilities in Illinois claims “Sick children covered by Medicaid […]
What the American Middle Class Needs to Know: How to Protect the Family Home From Medicaid Recovery
Because the home is the largest asset a couple can keep while still qualifying for Medicaid, it is also usually the main target of estate recovery. Meet Sidney and Rachel Sidney and Rachel had lived in their home since it was new. They built it just after Sidney got a promotion to regional sales manager […]
Medicaid Fraud Audit Targets Schizophrenia Drug
First, lawmakers in Utah expressed concern over the state’s Medicaid expenditures. Then, Utah State health officials were asked to investigate and control alleged fraud. Now, critics are questioning whether measures went too far, and some are expressing a sentiment that these audits paint an inaccurate picture of fraud…the millions of dollars sought to be recouped […]
How to Avoid Losing Massive Amounts of Money to a Nursing Home
When older adults think of estate planning, many actually have asset protection in mind. What they want is the peace of mind of knowing that the nest egg they’ve been saving for that proverbial “rainy day” will actually be available for them when that rainy day comes. The rainy day, for most people, is when […]
Top 3 Advancements to Help Seniors Stay at Home: “No Thank You, Nursing Home”
With the right plan, seniors can qualify for Medicaid, take advantage of today’s latest elder care technologies, and protect the assets which otherwise could be drained by the catastrophic costs of long-term care.
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