When planning for Medicaid or Medical Assistance eligibility, it is important to consider the issue of gifting. Gifts made within 60 months or 5 years of applying for Medicaid may cause issues with eligibility. This is known as the Transfer of Assets Rule (or the...
Results
Powers of Attorney for Children over 18
Powers of Attorney are important documents that you should have your children over 18 prepare and sign before leaving for college, trade school or the military. Why should they have Powers of Attorney at 18? So that, you, as their parents, would be able to handle...
Medicare Coverage and Long Term Care Planning
Long term care planning may start with a discussion of what Medicare covers when it comes to nursing home care. Usually, Medicare pays for up to 100 days of skilled nursing home care which is restorative in nature and which follows a 3-day hospital stay to a...
Happy 50th Anniversary to Medicare!
Medicare, which is not the same as Medicaid or Medical Assistance, is now celebrating 50 years of providing affordable medical coverage to U.S. citizens or a permanent (5 years or more) residents. Medicare provides medical coverage to individuals 65 or older who are...
