Medicaid Planning

Most retired adults in New York qualify for Medicare benefits. People with extensive work histories and those married to professionals can receive Medicare benefits. Those benefits cover basic health care expenses during their golden years. Not every older adult is...

People who anticipate needing to receive Medicaid for healthcare expenses in their older age should plan ahead so their income and wealth do not disqualify them from benefits. Creating a Medicaid trust is one way to prepare your assets. It is natural to wonder if you...

When applying for Medicaid to help pay for long-term care, the state uses a 5-year look-back period to review your financial records. This review prevents people from transferring or gifting away assets to meet Medicaid's strict income and asset limits. Understanding...

Whether you face financial hardships as a result of health problems or you struggle with a disability, it is important to understand how Medicaid could help out. Many older adults, disabled people, low-income workers and others secure Medicaid benefits to help them...

Whether you want to secure Medicaid benefits to help with health care expenses, in-home care or costs associated with living in a nursing home, it is important to review your options. First, you should look at the eligibility requirements, which differ for those 65...

Many aging New Yorkers may not realize the financial eligibility for Institutional Medicaid is not evaluated only at the time of the application. Instead, it requires a look-back on all assets for 60 months. Without proper planning, many people may have too many...

You and your spouse have been discussing your estate. You both have health issues. If you don’t take care of your health, you could lose your life savings. If you were able to qualify for Medicaid without spending everything you own, this could be a solution for you....

Since its onset, Medicaid has been helping seniors who cannot afford to pay for their health care. It is one of the most important programs that the U.S. government provides. Despite the many benefits of Medicaid, denials have become a common occurrence among the...

If you have an elderly parent who requires in-depth care or supervision, placing your mother or father in a nursing home may be advisable. After all, you may lack the skills, time and money to do the task without professional assistance. The average daily rate for a...

The “Baby Boomer” generation is getting older and starting to investigate their healthcare options. If you're among that group, you may be wondering exactly how Medicaid plays into your future plans -- and how its relationship with Medicare works. Since 1964, the...