It depends on the state rules around retroactive benefits. Some states allow Medicaid recipients to receive retroactive benefits for up to three months before the date of the application. Other states have limited retroactive benefits. To find out the rules in your...
The Social Security Administration (SSA) advises you to apply for retirement benefits three months before you want your benefits to begin. And even if you have no plans to receive retirement benefits, you should still sign-up for Medicare three months before age 65. ...
Although people are willing to voluntarily care for a parent or loved one without any promise of compensation, entering into a caregiver contract (also called personal service or personal care agreement) with a family member can have many benefits. It rewards the...
Rejecting an attorney’s assessment of a Medicaid applicant’s competence, a Connecticut appeals court holds that because the applicant’s estate did not prove he was incompetent and unable to withdraw funds from his revocable trust, the trust was an available asset and...
A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a “trustee,” holds legal title to property for another person, called a “beneficiary.” The rules or instructions under which the...
Traditionally, Medicaid has paid for long-term care in a nursing home, but because most individuals would rather be cared for at home and home care is cheaper, all 50 states now have Medicaid programs that offer at least some home care. In some states, even family...
Qualifying for Medicare hardly means free health care — there are still premiums and deductibles. However, people who qualify for both Medicare and Medicaid (called “dual eligibility”) receive help paying their out-of-pocket costs. Medicare is a federal program...
ABLE (Achieving a Better Life Experience) accounts offer people with disabilities a great, tax-free way to accumulate money without jeopardizing their qualifications for Supplemental Security Income (SSI) and other means-tested programs. Withdrawals are tax-free as...
In an alarming number of instances, private Medicare Advantage plans are denying coverage for medical services that would be covered under original Medicare, according to a federal investigation. These denials are likely preventing or delaying medically necessary...
Yes. A revocable trust for both tax and Medicaid purposes is treated as if the property it holds is in the name of the grantor, which means the assets in the trust can put an applicant over the Medicaid asset limit. If you make the trust irrevocable, Medicaid will...
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