As we enter our twilight years, Medicaid becomes much more important, if not vital to our long-term planning. After all, nursing homes can cost well over $100,000 a year, and this cost is not covered by Medicare. And, for each dollar that goes to your long-term care...
Understanding the eligibility criteria for Medicaid
Most people reading this blog post would know that Medicaid is a program run jointly by the federal and state governments and it is the largest source of healthcare coverage in the country. Per federal law, states must cover certain groups of people who are known as...
How do I qualify for Medicaid and preserve my estate?
No matter how well we plan for the unexpected, there are events that happen as we age that can create a strain on vital financial resources. Seniors who suddenly find themselves or a loved one needing a costly medical procedure or a move to a nursing home may panic at...
What is the Medicaid look back period and how can it affect you?
You may have cared for a senior loved one for many years, but eventually the task becomes too burdensome, and you may find that the best care option for your loved one is to enter a nursing home. It is no secret that nursing home care in Kentucky is prohibitively...
Medicaid look-back period: What does it mean?
There are many people in Kentucky who wonder how they will pay for their care when they get older. Many older people require specialized care, such as one receives in a nursing home. These facilities are extremely expensive, costing thousands of dollars each month....
Why is it important to start Medicaid planning early?
Even those residents of Kentucky who have over their years put together some savings may discover that the cost of staying in a nursing home or other facility will just be too much. They may also realize the difficult choice they face between providing for their own...
Now that I’m getting older, do I need a certain type of trust?
As we age, our circumstances change. Taking the time to ensure your long-term care and financial plans reflect your shifting needs is simply one of the responsibilities of getting older. Many Americans wonder: Is there a trust I should be using now that I’m nearing my...
