You have worked hard over the years to acquire the assets you have as a senior in retirement. But as you age, you will likely begin to face more serious and more expensive medical needs than you have ever experienced in your past. Protecting your assets is important to maintaining the financial stability of your […]
How Transferring Assets Can Impact Your Medicaid
Thinking about needing long-term care such as a nursing home or assisted living facility is never a pleasant thought. However, it is an important possibility to consider when planning how you will protect and preserve your assets and legacy for your beneficiaries in the future. Proactive Medicaid planning is an important topic to consider when planning for […]
Tips for Protecting Your Money from Medicaid
As many people are approaching age 65 and beyond, it is more important than ever for baby boomers to consider appropriate strategies to protect their money from Medicaid. Most of these adults do not have long term care insurance or enough personal assets to pay for nursing home and related care, however, many of them may […]
What Is The Period of Medicaid Ineligibility?
Understanding Medicaid’s look-back period and the associated penalties Many people who need long-term care are also reliant on Medicaid to help cover the costs of their long-term care facility. This is because Medicare and most private insurance companies do not cover long-term care, but Medicaid does. Many seniors do not have an issue with Medicaid’s […]
What is the Veteran’s Aid and Attendance Benefit?
If you are a Veteran who has served our country in the military or armed forces, or if you are the surviving spouse or surviving child of a Veteran, you are entitled to certain benefits and assistance programs offered by the United States as a thank you for your service and sacrifice. You probably know […]
Why Medicaid Planning Is So Important
Most seniors depend on Medicare to provide the coverage for their healthcare costs they need to protect their financial stability and assets. However, there are many major healthcare costs Medicare does not cover. Additionally, some people will need access to expensive medical care before they are eligible to begin receiving Medicare benefits. Medicare isn’t enough […]
Tips for Those Have to File Taxes After a Loved One’s Death: Probate
After someone passes away, it is extremely important to send in a final tax return. If an individual passes away over the course of the year and he or she received income during that same period, then it’s final tax return must be filed, either by the heirs or an executor. If your spouse passes […]
Why Medicaid? Medicare Won’t Be Enough
Medicare doesn’t cover long-term care and does not apply until you’re 65 In 2014, the U.S. population had 46 million people age 65 and over, which was approximately 15 percent of the population. In 2011, “Baby Boomers” born between 1946 and 1964 started to turn 65. With the Boomers, the older adult population will reach […]
What Family Situations Require Medicaid Planning?
Kansas Medicaid planning lawyers guide families through Medicaid planning for different life stages Medicaid planning is the careful use of estate planning tools to help a Medicaid applicant meet Medicaid eligibility guidelines while also protecting their assets from being countable assets. Medicaid requires potential Medicaid beneficiaries to meet set income and asset limits to qualify […]
What Assets Affect Medicaid Eligibility In Kansas?
Knowing which assets are exempt and which assets will count towards your Medicaid eligibility is key in proper Medicaid planning Many seniors spent their entire working careers receiving great employer health insurance coverage and never having to think about whether they would qualify for Medicaid benefits. However, as you become a senior and enter into […]
See Larger Map Get Directions