We are going to look at long-term care insurance in this post, but many people are not interested in the subject because they harbor certain misconceptions. Before we share information about the coverage, we will provide some clarity so you know why the matter is relevant. Most Seniors Will Need Living Assistance It may be […]
Medicaid planning
The Twilight Years Can Derail Your Legacy Plan
When you are entering into your active retirement years, you are embarking on a stage of life that can be very rewarding on several levels. If you are so inclined, you get to cross things off your bucket list, enjoy leisure activities, and spend quality time with your family and friends. You also have the […]
NY Elder Law Info: Can a Healthy Spouse Accept a Beneficiary’s Income?
The Medicaid program may never cross your mind as it applies to you personally, but it may in fact be quite relevant at some point. This jointly administered federal/state government health insurance benefit will cover long-term care for senior citizens. Medicare does not pay for custodial care, and since nursing homes are extremely expensive, Medicaid […]
How Do I Avoid Medicaid Estate Recovery in NY?
We will look at the subject of Medicaid estate recovery in NY in this post. But first, we will explain some inconvenient realities about Medicare and long-term custodial care. Living Assistance for Seniors When you have been capable of taking care of your own day-to-day needs all your life, it can be hard to imagine […]
Medicaid Spousal Impoverishment Standards for 2022
Every year, government agencies that provide benefits for seniors update some of their limits to account for the impact of inflation. This certainly applies to Medicaid, and we will look at the 2022 spousal impoverishment standards in this post. Why Is Medicaid Relevant? Before we focus on the provisions that are made for a healthy […]
Is Long-Term Care Insurance Recommended?
As elder law attorneys, we advise clients that have concerns about the expenses that they may face toward the end of their lives. Without question, long-term care costs are at the top of the list. It is natural to assume that Medicare would cover living assistance, but this is not the case. Medicare will pay […]
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