Medicaid Planning

If your parent is applying for Medicaid to cover nursing home care in New York, the agency may review certain transfers made during the previous five years. Giving away assets for less than fair market value during that period can result in a penalty. Knowing which...

Community Medicaid is a form of Medicaid coverage designed to help older adults and individuals with disabilities receive care while continuing to live at home or in their community, rather than in a nursing facility. It can be a consequential form of financial...

In New York, many applicants struggle to receive approval for their Medicaid long-term care. The application process can be tedious and complicated, as Medicaid agents carefully review all filings to ensure that eligible individuals receive benefits. Strategic...

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....