Category Archives: Medicaid/Long-Term Care/Asset Protection
Need Medicaid Help? Distance Is Not a Problem
When a loved one needs long-term care, time is often short, and the situation is stressful. Families may be facing an unexpected nursing home admission, an assisted living placement, or a sudden realization that private pay care is simply not affordable. In these moments, many people assume they must find a Medicaid planning attorney… Read More »
How Florida’s Medicaid Look-Back Rules Really Work
When a loved one begins needing long-term care, families in Florida often find themselves scrambling for reliable information. In that rush, one topic causes more confusion and more sleepless nights than any other: Medicaid’s five-year look-back rule. Rumors spread quickly, and misinformation spreads even faster. Before long, people start believing that one wrong move… Read More »
How to Pay for Nursing Home & Other Long-Term Care
The cost of long-term care is one of the greatest financial challenges older adults face. A private room in a skilled nursing facility can cost more than $100,000 per year in many states, and even assisted living or in-home care can quickly deplete a family’s savings. Medicare does not cover long-term custodial care, and… Read More »
What Medicaid Covers in a Skilled Nursing Facility
When a loved one needs long-term care in a skilled nursing facility, families are often confronted with overwhelming costs and confusing Medicaid eligibility rules. In Florida, the average cost of a private room in a nursing home exceeds $10,000 per month—far more than most families can afford to pay out-of-pocket for any significant length… Read More »
Can I Get a HELOC and Still Get Medicaid?
Whether looking to make renovations, help out a child or grandchild, take a trip or cover a major expense, many Florida seniors consider ways to tap into the value of their home without selling it. A Home Equity Line of Credit (HELOC) is one option that can provide access to cash when needed. But… Read More »
Can I Go on Medicaid and Still Keep My Home?
One of the most common concerns we hear from clients during long-term care planning is whether they can qualify for Medicaid and still keep their home. It’s an understandable worry—your home is often your most valuable asset, and it may hold a lifetime of memories. Fortunately, the answer is yes, in many cases, you… Read More »
How Many Assets Can I Have and Still Qualify for Medicaid?
If you or a loved one might be needing long-term care in a Florida nursing home, understanding Medicaid eligibility is essential. Medicaid can help cover the high costs of nursing homes and other long-term care services, but it comes with strict income and asset limits. Knowing how many assets you can have and still… Read More »
How Much Income Can I Earn and Still Qualify for Medicaid in Florida?
Medicaid can literally be a lifesaver for elderly people in need of long-term care who can’t afford the exorbitant costs of a nursing home, assisted living, or in-home care without draining their life savings and becoming destitute. However, although Medicaid covers the cost of long-term care, the program itself comes with strict earning requirements… Read More »
What Is the Relationship Between Guardianship and Medicaid in Florida?
When planning for the future, it’s essential to understand the intricate relationship between guardianship and Medicaid. Both legal systems could end up playing critical roles in ensuring the well-being and financial stability of individuals who may not be able to care for themselves due to age, disability, or illness. Below we delve into the… Read More »
What Is Long-Term Care Medicaid?
As we age, the need for long-term care becomes increasingly likely, with many seniors requiring assistance with daily living activities such as bathing, dressing, and eating. The cost of long-term care, whether provided at home, in an assisted living facility, or in a nursing home, can be exorbitant, quickly depleting a lifetime of savings…. Read More »