Medicaid Planning Strategies

Transferring assets to qualify for Medicaid can make you ineligible for benefits for a period of time. Before making any transfers, you need to be aware of the consequences of transfers made during a lookback period.

Medicaid 101

Did you know you could be responsible for your parents' unpaid health care bills? More than half of all states currently have laws making adult children financially responsible, but it’s rarely enforced.

Medicaid 101

While joint accounts can be useful in certain circumstances, they can have dire consequences if not used properly. Adding a loved one to a bank account can expose you to their creditors and affect Medicaid planning.

Medicaid 101

For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may disqualify them from the benefits that pay for their long-term care services.

Medicaid 101

Medicaid has strict asset rules that compel many applicants to spend down their assets before qualifying for coverage. It’s important to know what you can spend your money on without endangering Medicaid eligibility.

Medicaid 101

While in large part people who purchase long-term care insurance and those who plan to qualify for Medicaid coverage of long-term care costs fall into separate groups, there are at least two situations where they overlap.

Medicaid 101

A MAPT is one option a person may use to protect their assets from Medicaid and nursing homes or long-term care. Consider some pros and cons of MAPTs to see if this long-term care strategy is right for you.

Medicaid 101

When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the spouse who is not in the nursing home (called the "community spouse") may pass away first.

Medicaid 101

If your assets are above the resource limit that would allow you to qualify for Medicaid, you may be able to engage in planning that will allow you to qualify for Medicaid.

Medicaid 101