Blog Archives

Gift or Theft? – Part 3

       In this week’s post I give you the conclusion to John’s saga with Medicaid. As you will recall, we have applied for Medicaid for John’s sister, Mary. In reviewing the 5 years of records which we must submit to the State, we found that John’s brother, Jerry took $200,000 of Mary’s money […]

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Gift or Theft ? (Part 2)

       In last week’s post I told you about John’s call about Medicaid for his sister, Mary. During our review of her 5 years of financial records we discovered transfers of funds while their brother, Jerry was handling her finances. Jerry admitted that he took the money without Mary’s knowledge so we have […]

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Gift or Theft (Part 1)

                The call from John involved another crisis planning case.  His sister, Mary was already in a nursing home and had a minimal amount of assets remaining to be spent down.  Before entering the facility she had lived for many years with her other brother, Jerry. Although she was able to attend to her activities […]

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New Medicaid and VA Figures for 2019

       The cost of living adjustment for 2019 for many of the government programs that affect our clients’ lives has been announced so here they are.        For 2019, the Social Security Administration announced that Social Security recipients will receive an increase of 2.8%, which is greater than the 2.0% increase […]

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The Hidden Costs of Transferring Your Home (Part 2)

                In my post last week I told you about Joe’s call concerning the sale of his mother’s home.  A few years ago she went to an attorney to prepare a deed transferring the home to Joe and his sister, but keeping a life estate for herself.  A life estate is a legal right to […]

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A Family Theft – Part 2

                In last week’s post I told you about Joe’s problem.  He needed to apply for Medicaid for his sister, Sophie.  His sister, Mary, however, had told him that she took some of Sophie’s money and spent it herself.  He had confirmed at least $100,000 and counting.                 As I explained last week that would […]

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A Family Theft – Part 1

                What happens if a family member takes money from another family member without permission and the second family member needs to apply for Medicaid?  That is exactly the scenario faced by Joe who called me about his two sisters, Mary and Sophie.                 Mary and Sophie had […]

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What Medicaid Covers – Part 2

       In last week’s post I was telling you about a call I received revealing a very common misconception about Medicaid. Julie will lose her alimony payments in 6 months, dropping her income from $5000 per month down to $1000 per month. She is 69 years old and in good health. She does […]

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What Medicaid Covers – Part 1

         The call we received last week raised a common misunderstanding about Medicaid. Julie called regarding getting Medicaid benefits. Julie is 69 and in relatively good health for her age. She is selling her home and will be moving to a rental unit in a senior housing complex.        Julie […]

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Lack of Verification – Worse than a Medicaid Penalty (Part 2)

       In last week’s post, I was talking about how Medicaid eligibility hinges in large part on the State’s scrutiny of 5 years of records under Medicaid’s look back period. Transfers of money out of the applicant’s accounts for less than fair value trigger a Medicaid penalty or waiting period for benefits. Clients […]

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