Blog Archives

What Exactly is the Medicaid Penalty?

And how can it hurt me? Click on http://www.youtube.com/HauptmanLaw to see my answer.

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A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin (Part 2)

Last week we were discussing Gail’s difficulty getting Medicaid for her mom.  She had spent down Mom’s assets but because there was not a clear paper trail, Medicaid was approved, but with a 6 month penalty.  This meant that Gail would be on the hook for 6 more months of Mom’s nursing home care at […]

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A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin ( Part 1)

Medicaid applications are getting tougher to get approved these days. Gail called us when Mom had just entered the nursing home after having lived with her for several years.  Mom had 2 months of funds remaining.  Gail called us to handle the Medicaid application.  I told her we had to work quickly. For starters, we […]

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Social Security – Take it Early or Not?

Much has been written recently about the pros and cons of taking Social Security early at age 62 vs. waiting till full retirement age (which gradually increases till it reaches age 67 for those born in 1959 and later).  One article I read recently explains why it could be a huge mistake to take Social […]

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Is it a Gift or Theft (Part 2)

Last week we were discussing Rachel’s recent discovery that while her sister, Sara, was managing Mom’s finances, Sara was taking or being given – depending on which way you look at it – Mom’s money.  Now that Medicaid was looking like a real necessity, Rachel was concerned, and for good reason.  “Are those transfers going […]

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Is it a Gift or is it Theft? (Part 1)

It’s a scenario we’ve seen frequently of late.  Mom’s mental health had been declining for some time.  Rachel called because Mom’s savings are almost exhausted and she needs nursing home care.  Rachel knows she must apply for Mediciaid.  And then Rachel told me about her recent discovery.  Rachel only in the last month started handling […]

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Is There Any Gift Small Enough That Won’t Cause a Medicaid Penalty?

Whenever I explain how the Medicaid application process works, the toughest part is communicating to clients the uncertainty that exists because of the way the program is administered.  And that can change at a moment’s notice so beware of what or who you rely on.  Whenever I hear someone tell me “the Medicaid caseworker said […]

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Quite Possibly the Best Mother’s Day Gift Ever

Amanda was in an excited state when she called, wanting to make an appointment immediately for she and her mom.  Amanda lives out of state but was coming home for Mother’s Day and would stay another day to meet with me. I calmed her down and asked her to share with me her concerns.  Mom […]

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Is Your Home an Exempt Asset Under Medicaid Rules . . .

or must it be sold and the proceeds spent down first? Click on http://www.youtube.com/HauptmanLaw to see my answer.

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Is the Heat Really Off? (Part 2)

Last week we were talking about Charlie and Doris.  We were in the midst of spending down assets and preparing to file a Medicaid application for Charlie, a nursing home resident, when he passed away.  So no need to do anything further as far as long term care planning – right?  Well, actually no, that’s […]

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