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Important Medicaid Numbers

IMPORTANT POINTS TO REMEMBER ABOUT MEDICAID NUMBERS :The Community Spouse (CS) Resource Allowance is calculated based on the value of the couple’s resources on the date Institutionalized Spouse (IS) becomes a permanent nursing home resident. (Example: Mr. Doe becomes a permanent nursing home resident (Example: Mr. Doe becomes a permanent nursing home resident on January 1, 2013. The…

Medicaid Eligibility

Frequently Asked Questions About Medicaid Eligibility Do I have to give away everything I own to receive Medicaid? Medicaid eligibility allows for a maximum of $14,4000 in countable assets. The trick is to learn which resources are countable assets and which are exempt assets. The Medicaid planning process may allow you to convert your Countable…

Supplemental Needs Trust FAQs

Q. What is the Supplemental Needs Trust? A supplemental Needs Trust (SNT) is a Trust authorized by federal and state statutes specifically for a “disabled” beneficiary who is receiving or eligible for means tested public benefits. Q. What is a Trust? A Trust is an agreement involving three parties, Grantor, Beneficiary and Trustee. The Grantor creates…

Planning for Long-Term Care

What can be done to plan for long-term care, ensure that a health crisis or chronic illness will not erode an individual’s security and dignity, and provide for family and loved ones? As you might suspect, the answer is not simple. A careful analysis of each individual’s personal and financial situation must be done to formulate…

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