While it has long been a planning option to pre-pay funeral expenses for the Medicaid applicant, that is no longer the only option. Why pre-pay the funeral? Because in order to qualify for Medicaid, you have to have assets below…
Most people are under the unfortunate misconception that if someone needs nursing home care and has assets that it is too late to save anything. This is generally WRONG! As many are aware, Medicaid has a five year look back…
Nothing is ever simple. If you have excluded funds such as German Reparations, what must be done to make sure they are excluded for Medicaid purposes? The best approach is to make sure that they you do not commingle these…
Vincent J. Russo & Associates, P.C., sponsored a Health Care Professionals Seminar entitled, Hospice: The Right Care at the Right Time. The guest speaker was John Diaz-Chermack, the Assistant Administrator of Hospice of New York. John explained that the purpose of…
One question that is asked by many caretakers with elderly parents or other family members living alone is “How do we pay for care?” If your parent or family member feels strongly about staying in their homes and aging in…
Medicaid Compliant Annuities can be helpful when a community spouse has assets in excess of the community spouse resource allowance. The United States Court of Appeals for the Sixth Circuit recently reversed a judgment in an Ohio case regarding the…
A Medicaid compliant annuity is a single premium immediate annuity that is purchased on or after February 8, 2006, that meets the guidelines described in the Deficit Reduction Act of 2005. In order to qualify for Medicaid you must meet…
Injured People receiving favorable settlements or judgments in the areas of personal injury and medical malpractice were guaranteed that they would receive money. Effective October 1, 2014, with the reversal of the Ahlborn decision, this may not be the case. …
The Medicaid Committee of the Elder Law Section of the New York State Bar Association recently demanded that the New York City Medicaid Program stop the illegal practice of failing to budget a Community Spouse Monthly Income Allowance (CSMIA) when…
Giving assets will not automatically qualify you for Medicaid. The Medicaid program is very complex and irrational. A gift to your child will subject you to a Medicaid transfer penalty for nursing home care coverage if made within five years…