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. ...
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...
Last column I explained the options to pay for long term care are limited. Adding to the problem is a significant amount of incorrect information about what those options are. For example, many seniors erroneously believe Medicare will pay long-term care costs. This...
The statistics are intimidating. Seventy percent (70%) of seniors will need some form of long-term care. Neither Medicare nor the typical health insurance policy provides coverage for this need. Yet the costs can reach, or even exceed, ten thousand dollars a month. So...
Last column I explained how the health of a senior is assessed to determine if Medicaid will assist with the costs of long-term care. However, even if the Medicaid applicant’s health requires long term care, the applicant must also establish a financial need. The...
