Transfer Prior to Life Estate Results in Medicaid Denial.The article discusses the courts case J.M. v. Division of Medical Assistance and Health Services which deals with Medicaid eligibility.EBSCO_AspElder Law Report
Medicaid and LTC MEDICAID ELIGIBILITYrules vary from state to state. But no matter where you live, before Medicaid starts paying your nursing home expenses, you will be expected to put much of your income and assets toward covering the cost. A major exception is your primary home. Depending o...
Some Members of the 110th Congress have expressed interest in both monitoring the implementation of DRA's changes and in considering whether to repeal or modify some of the provisions. This chapter provides an explanation of Medicaid's current eligibility, asset transfer, and estate recovery rules...
While the house may not need to be sold to qualify a Medicaid applicant for benefits, state Medicaid agencies will likely place a lien on any real estate owned by a Medicaid recipient during their lifetime. The state can't impose a lien if a spouse, a disabled or blind child, a child ...
The requirements forMedicaid eligibilityare pretty strict. There are some exceptions, but the general rule of thumb is that a single person will need to have less than $2,000 to their name to qualify. But buried within those Medicaid rules are the foundation for strategies to get qualified wi...
The limited power of appointment allows your assets to pass down to beneficiaries while preserving eligibility forboththe tax basis adjustmentandMedicaid. The right estate planning strategies neatly solve Medicaid planning and tax issues by: Transferring the house title to the irrevocable trust while ret...
Perhaps you're concerned about Medicaid eligibility or the rising costs of long-term care. Maybe you're looking for a way to safeguard your special needs child’s future, ensuring they’re protected and cared for when you no longer can be. Or, it might simply be time to create an ...
Secure Medicaid Eligibility and Safeguard Assets: Your Ultimate Solution for Senior Financial Planning with a Proven 99% Success Rate
Life Insurance Policies Both the face value and cash value of life insurance policies can impact Medicaid eligibility. Only the cash value of a life insurance policy owned by an applicant may be counted, therefore Medicaid ignores all term life insurance policies. Generally, Medicaid exempts whole ...
Eligibility & Qualification Oregon's Medicaid Asset Protection Specialists. If you live in Oregon, we'll help you qualify for Medicaid to pay for nursing home or other long-term care. "Your organization, more than anyone else, really does understand Medicaid eligibility." ...