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Category Archives: Medicaid/Long-Term Care/Asset Protection
Medicaid Planning for a Client with Questionable Capacity
When planning, we must consider the person’s ability to understand the strategy and execute new documents. The concept of capacity in Florida is a matter of degree. Here, the law holds that various actions require different amounts of capacity, depending upon the complexity of the action. Florida also recognizes that people’s capacity can fluctuate… Read More »
A Guide to Spousal Refusal
Spousal refusal is a great strategy to gain Medicaid eligibility and assist in paying for the extremely high cost of care for your institutionalized spouse. This is the only strategy that will allow you, as the community spouse, to retain control and access to ALL of your assets while simultaneously getting your spouse approved… Read More »
State of Florida Increases Payments to Long-Term Care Plans as Costs of Care Rise Again
It’s wonderful news that the average American lifespan keeps getting longer. These growing lifespans mean, however, that individuals must spend more time considering how they’ll afford medical care throughout their long lives. According to a recent survey, we as a nation still aren’t dedicating the necessary time to planning for these costs—and the cost… Read More »
Residence Models for Senior Requiring Assistance
When loved ones are no longer capable of independently caring for themselves, they may need to consider the different kinds of assistance available to help them continue living fulfilling lives. Medicaid’s institutional care program can help individuals with the cost of acquiring this additional assistance. If the provision of home health care aides is… Read More »
Medicaid Planning with Long Term Care Insurance
Long term care insurance became a popular commodity in the 1980s as individuals sought to plan for potentially needing long term care services, such as home health care, assisted living facility care or skilled nursing facility care. Given the enormous cost of long term care services, along with Medicare’s lack of coverage for these… Read More »
Medicaid’s Home Health Care Benefit
Medicaid’s Institutional Care Program provides three main benefits: a skilled nursing facility benefit, an assisted living facility benefit, and a home health care benefit. As individuals near their elder years, they typically wish to remain in their homes for as long as possible given the comfort provided by familiar surroundings. Medicaid’s home health care… Read More »
Medicaid Institutionalized Care Program (ICP)
Florida’s Medicaid Institutionalized Care Program (ICP) provides nursing home and other long-term care assistance for persons who meet financial and medical eligibility requirements. A basic chart published in January and July each year shows the program’s current asset and income limits. Florida began “privatizing” its Medicaid long-term care programs, including Home and Community Based… Read More »
Satisfying Medicaid’s Income Cap
Florida Medicaid provides long term care benefits to individuals who have the requisite medical necessity and who comply with Medicaid’s financial restrictions. Aside from Medicaid’s asset cap, which requires Medicaid applicants to have less than $2,000 in their name, Medicaid also has an income cap of $2,205 per month. Consequently, even if a Medicaid… Read More »
Medicaid Planning for Individuals with Questionable Capacity
At a certain point in life, many individuals begrudgingly require the services of a skilled nursing facility. This can be especially true of individuals affected by dementia or other conditions that result in cognitive impairment. If such individuals prepare for this potential stage of life by executing estate planning documents (durable power of attorney,… Read More »
Florida Governor Scott and U.S. Senator Bill Nelson Advocate for Medicaid Security amidst Legislative Reform Proposals
Both the US Senate and House have introduced bills that could potentially bring changes to the funding and laws surrounding American health care. Advocating for the rights of the people to receive adequate health care coverage, Florida Governor Rick Scott and U.S. Senator Bill Nelson have recently expressed their opinions on how these bills… Read More »