Several decades ago, Congress created safeguards to protect the savings of married couples using Medicaid. These protections prevent husbands and wives from bankrupting themselves and funding care for their loved ones. They originally required states to allow spouses of nursing…
As Americans age, we are also living longer, which means more of us will require long-term care in the future. It is estimated that seven out of ten Americans will need long-term care during their lives. Long-term care can include…
Consider Medicaid long-term care benefits again if you believe you can't qualify due to strict income and asset limits. If you currently demonstrate the need for nursing home facility services, you may meet health eligibility rules for a Medicaid waiver…
In most of our minds, hospitals are places where we go to recover from injuries or illnesses. That’s not the case for many elderly patients though. They leave the hospital in worse condition than when they were admitted. Even if…
Americans are increasingly in need of affordable long-term support services. Premiums for long-term care insurance policies and nursing home bills are exorbitant. The US Department of Health & Human Services (HHS) finds that Americans aged 65 or more have a 70…
For nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the income and asset requirements of the Medicaid program. As a result of these rules, many candidates give away their money and resources to qualify.…
It is unclear whether or not your parent has a plan in place for long-term care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of…