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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 »
Making informed health care decisions, whether for yourself or a loved one, requires asking the right questions and understanding the answers. The following guide will help you gather essential information from medical professionals, so you can confidently navigate treatment options and advocate for the best possible care. Questions to Ask About Medical Tests Why… Read More »
Why is a guardianship necessary? Guardianships exist to safeguard individuals who are incapacitated, as well as their assets. Because of this protective role, most actions taken within a guardianship are closely monitored by the court. What is a guardian? A guardian is an individual appointed by the court to make decisions and act on… Read More »
When a person with a disability depends on government benefits such as Medicaid or Supplemental Security Income (SSI), receiving an inheritance, personal injury settlement, or other financial gift can unexpectedly create serious problems. These assets, while well-intentioned, may push the person over Medicaid’s strict asset limits, resulting in a loss of vital medical coverage… Read More »
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 »
Many Florida seniors who need nursing home care find themselves in a frustrating situation: they require Medicaid to cover the cost of care, but their monthly income is just slightly above the Medicaid limit. Even though they cannot realistically afford private nursing home bills that can exceed $10,000 a month, they are told they… Read More »
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 »
When someone with a disability receives a personal injury settlement, it can feel like a financial lifeline, providing compensation for pain, suffering, and future care needs. But there’s an often-overlooked risk: receiving a large settlement can jeopardize eligibility for critical public benefits like Medicaid and Supplemental Security Income (SSI). These programs have strict asset… Read More »
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 »
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 »