Blog Archives

New Medicaid and VA Figures for 2015

Each year, many of the programs that, as elder law attorneys, we deal with daily, such as VA Aid and Attendance and Medicaid, are adjusted for inflation through a cost of living adjustment. In the past month the Social Security Administration announced that Social Security recipients will receive a 1.7% increase in benefits starting in […]

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When Doing it Yourself (Medicaid) Can Take You Only So Far

     We got a call the other day from Joe.  He had prepared and filed his mother’s Medicaid application himself.    From what he told us, it sounded like he did a great job.      He had hit a bit of a snag because Joe and his brother had been helping Mom out with […]

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Using Your Own Money to Pay for Long Term Care – the Better Way? Part 2

                Last week I was talking about the difficulties in funding long term care through long term care insurance or Medicaid.  Insurance companies are getting out of the long term care market entirely or drastically raising premiums.  Medicaid, the primary government program that covers long term care, is still a fall back for many.  But, […]

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Using Your Own Money to Pay for Long Term Care – the Better Way?

                As I always explain to people, there are 3 ways to pay for long term care.  One way is to use your own money.  A second source is long term care insurance and the third is government benefits – primarily Medicaid and the VA Aid and Attendance program.                 I have written much in […]

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Turning Life Insurance into Long Term Care Insurance (Part 1)

For 20 years now, I’ve been guiding clients and their families on the spend down of assets before applying for Medicaid.  Successful applicants must spend down just about everything before getting Medicaid approval, including any life insurance policies that have cash surrender value. For many seniors the cash surrender value of their policies is a […]

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Marriage and Medicaid

George called me concerning his step-mom, Rita.  Rita is in the hospital but about to be transferred to a nursing facility where she will remain on a long term basis once Medicare coverage stops.  The conversation quickly turned to Medicaid. George explained that Dad and Rita have been married 5 years.  Rita came into the […]

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Tax Fraud or Medicaid Penalty?

Joe called me because he had just taken over Dad’s finances and the management of care from his brother, Jim.  That’s when he made a discovery that troubled him and caused him to reach out to us. Dad was still living at home alone but his health was declining.  Joe began looking at assisted living […]

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NY Times Article on VA Aid and Attendance – Just a Little Misleading (Part 2)

Last week I was discussing the recent New York Times article, which profiled a World War II veteran, Henry Schaffer.  Mr. Schaffer, according to the journalist, paid a VA accredited attorney to get him VA benefits, only to find out that he doesn’t qualify because his income is too high.  But is that really true? […]

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Long Term Care Insurance Partnership Program – Frequently Asked Questions

Last week we were discussing the long term care partnership program which was reinstated as part of the last round of changes to the Medicaid laws in 2006. Now let’s answer some frequently asked questions. Purchasing a “partnership policy” allows you to protect an additional dollar amount in assets above the Medicaid limit equal to […]

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What is the Long Term Care Insurance Partnership Program?

Is it possible to purchase long term care insurance and be able to protect more than the minimum number of assets that Medicaid allows to qualify for benefits?  The question is a reference to something called the Long Term Care Partnership program. The partnership program is designed to encourage people to purchase long term care […]

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