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Qualifying for Medicaid Assistance – Is Medicaid Assistance the Best Approach for Long Term Care?

Medicaid Planning

Although Medicaid is only one way to receive assistance with the costs of long-term care, it is an important and appropriate option for many people. The good news is that Medicaid assistance is an option for those who have the requisite medical needs, even if they...

Qualifying for Medicaid Assistance – Part 6 – Asset Limits

Medicaid Planning

To qualify for long term care assistance from Medicaid, a senior applicant must establish both health and financial need.  Financial needs are determined based on both the income and the assets of the applicant.  Previously, I have addressed the limits on income. ...

Qualifying for Medicaid Assistance – Part 5 – When Your Income is Too High

Medicaid Planning

Last column I explained that a senior seeking Medicaid assistance for long-term care cannot have monthly income over a certain amount to qualify. However, there are different ways in which the applicant’s income can be calculated. What if the applicant’s income is...

Qualifying for Medicaid Assistance – Part 4 – Don’t I have too much Income?

Medicaid Planning

In recent columns, I have been addressing how a senior must qualify before Medicaid will assist with the cost of long-term care.  One requirement is to establish financial necessity, which requires a review of the Medicaid applicant’s assets and monthly income. ...

Qualifying for Medicaid Assistance – Part 3 – What About My House?

Medicaid Planning

To receive Medicaid assistance for long term care, a senior must show financial need.  In some cases, significant financial decisions must be made to qualify for Medicaid. Unfortunately, due to misinformation or misunderstanding, some make decisions thinking their...

Qualifying for Medicaid Assistance – Part 1 – Do Your Medical Needs Qualify You for Long Term Care Medicaid Assistance?

Medicaid Planning

Last column, I addressed how Medicaid may be a critically important resource to help with the challenges of long-term care needs. Our office is very fortunate to have attorney Boyd Peterson, someone I consider to be one of the foremost authorities in the State of...
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