Many senior citizens in Kansas City who receive Medicaid benefits may wonder what type of care these benefits cover. In some circumstances, Medicaid benefits can be used to pay for certain types of long-term care services. Some of these benefits are referred to as institutional benefits. For purposes of Medicaid benefits, the term “institution” has […]
Medicaid planning for those with a limited income
A previous post here reviewed the general requirements that must be met for an individual to be approved for Medicaid. Medicaid planning is important for many people in Kansas City as part of planning financially for their elder years. There are some specific financial requirements that must be met for an individual to be approved for Medicaid. […]
Medicaid planning in Kansas City can be very complex
Medicaid planning may be a very important part of an estate plan for many residents of Kansas City. However, eligibility for Medicaid can be very complex area of law. The following is a brief overview of two Medicaid eligibility issues. When determining eligibility, the federal Medicaid program takes into account the applicant’s income and other […]
Creating a revocable living trust for Medicaid planning
It is possible to plan for long-term elder care by establishing a revocable living trust. This can be particularly beneficial for Medicaid planning. When most people in Kansas and elsewhere begin to think about estate planning, their minds are on providing for their loved ones after they are gone. It is understandable and admirable to […]
How Do Medicaid Rules Differ For Home Care?
It’s no secret most Americans would prefer to remain living at home rather than living in a nursing home if possible. Additionally, home care is usually less expensive than full-time long-term care such as a nursing home. Because of this, every state has now enacted Medicaid programs that offer at least some level of home […]
Qualifying For Medicaid With a 401(k) or IRA
When planning for retirement, it is important to consider all of your financial assets, and to explore any impact those assets have on your eligibility to receive benefits, such as Medicaid. For many individuals, an employer-sponsored retirement plan – 401(k) or Individual Retirement Account (IRA) is the largest asset in their financial portfolio. Because these […]
What Is a Medicaid Asset Protection Trust?
Understanding when to use the Medicaid asset protection trust In a perfect world, no one would ever have to worry about how to pay for the cost of long-term care when they need it. Unfortunately, the high costs of long-term care make it difficult for people to save the money they need to pay for […]
Long-Term Care Options Covered By Medicare
As Americans are living longer, the need for long-term care continues to grow. Proper planning for this stage of life is important. As you plan for your future or that of a loved one, it is important to understand the long-term care options that are covered by Medicare. The Gardner elder law attorneys at Stockton & Kandt, […]
Why You Need a Skilled Medicaid Planning Attorney on Your Side
Having the guidance of a trusted Medicaid planning lawyer when structuring your assets to preserve them in the future is extremely important. Without a trusted advisor, there are many mistakes you could make that could affect your ability to qualify for Medicaid benefits if you need them in the future. Not being able to qualify […]
Medicaid Application Assistance
As of August 2018, an estimated 66.7 million Americans were enrolled in Medicaid, according to the latest U.S. government report. Medicaid provides valuable health benefits but the arduous, time-consuming application process discourages many qualified individuals from applying for Medicaid assistance all together. At Stockton & Kandt, LLC, our Kansas and Missouri elder care attorneys guide […]
See Larger Map Get Directions