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Long-Term Care: What You Need to Know

Long-Term Care: What You Need to Know

In the future, long-term care is expected to undergo major changes, presenting a number of challenges. A multi-faceted approach that includes policy changes, investment in the health care workforce, technology advancements, and a shift toward person-centered and community-based care models…

The Redetermination Process for Medicaid Benefits

The Redetermination Process for Medicaid Benefits

The Medicaid agency reviews a beneficiary’s eligibility for continued Medicaid coverage during the Medicaid redetermination process. Typically, this process occurs annually. However, during the pandemic, the federal government enacted the Families First Coronavirus Response Act (FFCRA), requiring continuous Medicaid enrollment without redetermination…

The Medicaid Waiver Program and In-Home Nursing Facility Care

The Medicaid Waiver Program and In-Home Nursing Facility Care

It may be worth reconsidering Medicaid if you believe you will not be able to qualify for long-term care benefits due to Medicaid’s strict income and asset limits. If you currently demonstrate the need for nursing home facility services, you…

How to Avoid Medicaid’s Penalty Period

How to Avoid Medicaid’s Penalty Period

Medicaid is a federal program that provides financial assistance to individuals who meet the minimum income and asset requirements for nursing home care, assisted living, in-home care, and adult foster care. As a result of these rules, many candidates give…

Obtaining Guardianship for an Elderly Parent

Obtaining Guardianship for an Elderly Parent

Guardianship most commonly implies that a minor child is under the care of an adult relative or friend. However, you can employ the process to obtain legal rights over elderly or aging adults, usually, parents, who are losing their physical…

Preparing for Long-Term Care Expenses Through Asset Restructuring

Preparing for Long-Term Care Expenses Through Asset Restructuring

Long-term care will be necessary for 70% of seniors during their lifetime. It’s estimated that the average cost of long-term care during the last five years of life is $233,00- $367,000. Those with long-term care insurance are still paying $140,000 out of…

Paying for Long-Term Care by Dissolving Your Marriage

Paying for Long-Term Care by Dissolving Your Marriage

Imagine this scenario. 55 years have passed since you married the love of your life. However, a few years ago, your spouse was diagnosed with dementia. Despite your best efforts to provide care, it’s becoming increasingly obvious that they will…

Legal Guardianships for Aging Parents

Legal Guardianships for Aging Parents

It is a considerable legal responsibility to act and advocate on behalf of an aging parent when you become their guardian. The duties include a parent’s daily care, medical care, and possibly financial decisions made on their behalf. Many guardians…

Medicaid and Medicare: What’s the Difference?

Medicaid and Medicare: What’s the Difference?

The acronym LASA, which stands for “look-alike-sound-alike”, is commonly used when referring to medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike but work very differently. Both Medicare and…

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