Medicaid planning involves making sure you qualify for Medicaid benefits by reducing your assets to a certain level. However, you may run into a dilemma when it comes to your home. You do not want to lose it, but you might not be able to keep it and receive Medicaid....
Nobody wants to think about themselves needing in-home long-term care or living in a nursing home. You probably feel fine today and the concept of being in a physical or emotional state meriting that care may seem alien. Planning for these contingencies may help in...
After receiving a dementia diagnosis, planning ahead becomes compulsory. The Alzheimer's Association explains that people with the disease will likely eventually need skilled care services in a residential facility such as a nursing home. Care planning should involve...
Medicaid planning is the process of preparing your estate so that you can qualify for benefits under the government's Medicaid program. Part of this process involves reducing the assets you own so that you can meet the financial requirements of the program. Your home...
If you or a loved one needs a long-term healthcare plan, you may have questions regarding Medicaid. While long term care insurance is generally the best option when it comes to healthcare planning, it is not always a feasible financial option. In these cases, it is...
As you age and deal with serious long-lasting illnesses, you may realize that you need additional monetary support. Applying for Medicaid can help you pay for various medical and age-related care facilities, such as nursing homes, without losing all your assets. How...
Our good health is not guaranteed as we age. In old age we could fall ill to a serious medical condition, such as multiple sclerosis. In the face of such a diagnosis you may anticipate that you will have to go into a nursing home. However, you may worry about how you...
We have mentioned before that Medicaid is a means-based government program. Many seniors and others throughout New Jersey rely on Medicaid to pay for their extended medical and nursing home care, but because Medicaid is means-based, they first have to show that they...
Not many people like to think about getting older and becoming unable to take care of themselves. Unfortunately, the U.S. Department of Health and Human Services has said that a person turning 65 has around a 70 percent chance of requiring some form of long-term care...
