As the number of Americans over the age of 65 is expected to nearly double from 52 million in 2018 to 95 million in 2060,1 family caregivers continue to be a vital piece of the long-term care system in the U.S. In their 2020 survey, AARP found that there are nearly 42 million people … Continued
In a recent case out of Ohio, a Medicaid applicant was denied benefits because she owned two pieces of land valued over her resource limit. Despite being unable to sell the property, an Ohio appeals court affirmed the ruling. Let’s delve into Cowan v. Ohio Dept. Jobs & Family Servs. Read More: The … Continued
Earlier this month, a New Jersey appeals court held that a Medicaid applicant’s son qualified for the caretaker child exemption despite working outside the home as a teacher and hiring aides to help him care for his mother. Let’s walk through this case, discuss the reason for the exemption under such unusual circumstances, and … Continued
Do you have clients that are planning for long-term care? If so, you’ve probably received countless inquiries about the terms and programs involved, which can be incredibly puzzling for many individuals. Medicare and Medicaid are two programs that are often confused for one another, and the two terms are consistently misused and misunderstood. In … Continued
Using a partial cure is a planning technique only viable in an increasingly limited number of states. Commonly referred to as a reverse half-a-loaf plan, the partial cure technique usually consists of the following steps, in a nutshell: Applicant gifts entire net worth Applicant applies for Medicaid Medicaid assigns penalty period in light … Continued
What can you do when a nursing home resident who has already qualified for Medicaid benefits receives an inheritance? The receipt of funds will disrupt program eligibility, assuming they cause the individual to exceed his or her countable resource limit. Several planning options to maintain program eligibility exist, one of which is to use a Medicaid Compliant Annuity.