Blog

If you've decided it's time to move your loved one into a nursing home, you'll want to keep an eye out for certain features to make sure your loved one is cared for appropriately. However, you'll also want to make sure to look for any red flags, too.

The asset limit for Medicaid is around $2,000 for a single person and $3,000 for a couple where both spouses are receiving care. However, some states have different allowances. The healthy spouse of a Medicaid applicant can keep a separate allowance between about $30,000 and $145,000 in most states.

An applicant is only allowed so many assets to qualify for Medicaid coverage but recklessly spending down your assets can lead to a lengthy penalty period.

Are you caring for an elderly loved one whose condition is worsening? How do you know when it's the right time to move them into a nursing home? Here are some tips to help you know when it's time for your loved one to transition to a professional care facility.

If you or a loved one needs to enter a nursing home, you might be worried about losing your nest egg paying the monthly bill. Fortunately, with the right guidance, resources, and strategies, you can safeguard your assets and preserve them for your spouse or future generations.

Many seniors are under the assumption that Medicare will cover some or all of their long-term care. Unfortunately, that is not the case. Medicare only covers a nursing home stay in specific circumstances for elderly or disabled individuals who are recovering from an injury, illness, or some other adverse health event.

Medicaid is one of the most common payers of long-term care in the U.S. But how much of your care costs will Medicaid actually cover? Since Medicaid is designed to help individuals with limited income and assets, there is no standard co-pay. Instead, the amount paid by Medicaid varies depending on the recipient.

As you or your loved one grow older and become unable to take care of yourself, you may require some type of long-term care. In general, these facilities can be separated into three categories: nursing homes, assisted living facilities, and home-based care