Company Update: Krause Financial has Rebranded
The Rules of a Medicaid Compliant Annuity
A Medicaid Compliant Annuity (MCA) can be a helpful tool for clients who reside in a nursing home, but who are unable to afford their care without the help of Medicaid. These annuities, when included as part of a client’s Medicaid crisis plan, can effectively convert the applicant’s excess countable resources into an income … Continued
How to Pay for Long-Term Care
Although many seniors have been financially planning for their retirement for decades, very few are prepared for the high costs associated with long-term care. While Medicaid crisis planning can offer a solution to those individuals who find themselves in a financial crisis, this scenario can be avoided altogether with a bit of pre-planning. Pre-Planning: … Continued
How to Choose the Right MCA Term for Your Client
Choosing an appropriate term for your client’s Medicaid Compliant Annuity (MCA) hinges on several factors, including the client’s marital status, their health, or the type of account they need to spend down. By reviewing the components of each Medicaid spend-down strategy, attorneys and their clients can better understand what to consider when choosing an … Continued
5 Features of the New Attorney Access
Attorney Access has become an invaluable Medicaid planning resource for many attorneys and legal professionals in the elder care planning space. As more seniors find themselves in a crisis Medicaid planning scenario, more elder law attorneys have relied on the information and resources provided through their Attorney Access account. That’s why it has become … Continued
Preserving a Legacy: How to Protect Your Client’s Inheritance From Medicaid
The application process to qualify for Medicaid benefits can be lengthy. That’s why, once applicants become qualified for benefits, they try to avoid causing any further changes to their assets or income that could result in a change to their eligibility status. However, sometimes Medicaid recipients may be the recipient of an unexpected inheritance … Continued
Free-Look Waiver Enforced in Recent New Jersey Fair Hearing
A recent case out of Cumberland County, New Jersey has provided clarification regarding the effective date of an applicant’s eligibility for benefits when an Immediate Irrevocable Election Form is utilized in combination with the purchase of a Medicaid Compliant Annuity (MCA). Read the full decision. Laying out the Case Facts Shortly after entering a … Continued
7 TikTok Marketing Tips for Elder Law Attorneys
Learning to use a new social media platform for your marketing efforts can seem complicated and overwhelming. That’s why we interviewed Elder Law Attorney and TikToker, Greg McIntyre (@lawyergreg) to compile the top seven strategies you need to know to leverage your TikTok account and grow your elder law firm. #1 – Expand Your … Continued
Ohio Property Listed for Sale Is Considered Countable for Medicaid
A recent case out of Ohio spotlighted the question of whether a real estate property that is listed for sale but remains unsold, should be considered a countable resource in determining the Medicaid applicant’s asset eligibility. Read the full decision. Case Facts: The case at hand was brought forward by Plaintiff-Appellant, Jared B. Chamberlain, … Continued
5 Reasons to Connect With Your Relationship Manager
If you’re new to Krause or considering adding Medicaid Compliant Annuities to your practice, a Relationship Manager is your primary point of contact with our office. They are the individuals that can help answer your questions, guide you through the Medicaid spend-down process and connect you with a Benefits Planner who can assist your … Continued