Retirement accounts, such as IRAs, are a major asset that can affect a person’s eligibility to qualify for Medicaid nursing home coverage. These assets count toward the asset limit to qualify an individual for Medicaid nursing home coverage. Unfortunately, taking...
One potential vehicle for elder financial abuse is a power of attorney for financial affairs. A financial power of attorney gives a designated representative, known as an agent, the power to make financial decisions on behalf of someone else. The power of attorney can...
When planning for Medicaid coverage of a potential nursing home stay, one often overlooked asset that can affect Medicaid eligibility is life insurance. Certain types of life insurance do count toward Medicaid eligibility limits while others do not. Additionally,...
Divorce is an unfortunate, but sometimes necessary, event that families have to deal with. For families with children who have special needs, there are additional considerations that should be dealt with before a separation agreement is finalized. At every step of the...
The differences between Medicare and Medicaid can be a common area of confusion. The simpler program, in practice, is Medicare. Medicare is a medical insurance program that covers health care costs for individuals sixty-five and older. The program covers all...
