For many seniors, Medicaid can be a vital resource that can help them cover the high costs of long-term care. However, Medicaid has complex eligibility rules, which can be overwhelming. The application process is laden with nuances that, if misunderstood, may lead to...
Medicaid Planning
Medicaid estate recovery efforts can lead to an insolvent estate
Medicaid can be a crucial benefit for adults in their golden years. Medicare does not provide long-term care coverage in the way people might expect. Those who require a room in a nursing home or who must spend more than a month at a rehab facility may find that...
Risks of failing to plan to qualify for Medicaid before you need it
Medicaid is a financial and medical safety net for people with limited resources. People of all backgrounds may potentially require Medicaid when they have significant medical expenses that they cannot afford or cover with other types of health insurance. Many older...
Medicaid planning can affect someone’s legacy, not just their care
One of the most compelling reasons to engage in advanced Medicaid planning is the potential need for future medical care. Those preparing for retirement never know when their health might decline, leaving them in need of long-term care support. The limits of Medicare...
How future healthcare costs may affect the estate planning process
The most basic estate plan in New York may contain just a will. A testator may draft a single document explaining what should happen to their property and their dependent family members when they die. However, New York more comprehensive estate plans can address and...
The 2 lookback periods that apply for long-term care Medicaid
Older adults in New York can generally rely on Medicare coverage to help pay for their basic expenses, including routine medical care. However, those experiencing medical challenges as they age often need more than just doctor's appointments and occasional treatment....
Can my spouse get Medicaid help with nursing home care if I’m still healthy?
You and your spouse are a team who have raised children, bought homes and enjoyed life together. Now, your spouse is living with a debilitating long-term condition like Alzheimer's disease, and you can no longer take care of them at home. They need to move into an...