If you are facing a nursing home stay, chances are you've considered Medicaid. But what happens if you have too many assets to qualify? Fortunately, you have several options to spend down those assets and accelerate your Medicaid eligibility.
Although the terms sound alike and the programs may seem similar on the surface, Medicare and Medicaid have important differences for you to be aware of, especially when it comes to skilled and long-term nursing care.Â
Every long-term care situation involves its own unique set of challenges, many of which can be eased by working with an elder law attorney. Learn about what elder law attorneys do and how they can help you as you navigate your long-term care.
For many families, making the choice between assisted living and nursing home care can be difficult. To help you make a well-informed decision, we explore some of the key attributes that separate assisted living facilities and nursing homes.
Since most people have a strong understanding of nursing homes, confusion often arises from the term “skilled nursing,†which defines the services offered at the facility. Get a stronger understanding of what a skilled nursing facility is and how it may fit into your long-term care plan.
If you are currently paying out of pocket for the nursing home, you may benefit from a Medicaid Compliant Annuity (MCA) – one of the most powerful Medicaid planning tools available. Continue reading to learn more about Medicaid Compliant Annuities and find out if it's the right product for you.
