Blog

- Articles to Help Build Your Practice -

How Does Medicaid Determine the Snapshot Date?

POSTED ON - January 21, 2021

Written By Katie Camann

  When seeking Medicaid benefits, married couples have a lot to consider. Besides making sure they meet the eligibility requirements, you must also address the specific, and potentially uncommon, details of their case. For instance, […]
Read More
Medicare and Nursing Home Care

POSTED ON - July 9, 2008

Written By Krause Financial Services

Many seniors mistakenly believe that Medicare covers nursing home stays. In fact, Medicare’s coverage for nursing home care is quite limited. Medicare only provides up to 100 days of “skilled nursing care” per illness, and […]

Read More
Wisconsin NAELA Chapter UnProgram

POSTED ON - June 16, 2008

Written By Dale Krause, J.D., LL.M.

I facilitated a discussion at the first-ever Wisconsin NAELA Chapter UnProgram on June 13, 2008, in Green Bay, Wisconsin. I spoke about the Deficit Reduction Act of 2005 (“DRA”) and outlined the following four topics: […]

Read More
Long-Term Care Insurance Audit

POSTED ON - May 27, 2008

Written By Krause Financial Services

For those of your clients who have purchased a Long-Term Care Insurance Plan (“LTCI”) which is more than 5 years old, an LTCI audit is now a necessity.  The purpose of the LTCI audit is […]

Read More
Long Term MCAs

POSTED ON - April 25, 2008

Written By Krause Financial Services

  After the passing of the Deficit Reduction Act of 2005 (“DRA”), in order for an annuity to be considered “Medicaid Compliant”, the annuity must be irrevocable, non-assignable, actuarially sound, provide for equal payments, and […]

Read More
Highlights of the Deficit Reduction Act of 2005

POSTED ON - April 16, 2008

Written By Krause Financial Services

The Deficit Reduction Act of 2005 (“DRA”) was signed into law on February 8, 2006.  It is important to note that all transactions prior to February 8, 2006, will be grandfathered and processed under the […]

Read More
Can Your Clients Afford to Self Insure Their Long-Term Care Costs?

POSTED ON - April 8, 2008

Written By Krause Financial Services

As a result of the Deficit Reduction Act of 2005, with the average nursing home charging $6,000.00 per month for nursing care, all gifts being subject to a 5 year look-back period and a delayed […]

Read More
Managing the Assets of a Special Needs Trust

POSTED ON - March 25, 2008

Written By Krause Financial Services

  The biggest concern facing families who have a child with special needs is how to preserve government benefits for that child, such as Social Security and Medicaid.  This concern can be easily satisfied through […]

Read More
The Top 10 Reasons to Fund Your Funeral In Advance

POSTED ON - March 21, 2008

Written By Krause Financial Services

Why plan ahead for funeral funding? Here are the top 10 reasons:   1. An Exempt Asset The plan may be considered an excluded asset in order to qualify for Medicaid and Supplemental Security Income […]

Read More