Potential Impact of Medicaid Cuts (Part 3)
In this 3rd post of 3 I discuss the potential impact of cuts to Medicaid being considered by Congress and the President.  Last week I explained that specific changes, such as imposing a work requirement, are directed towards Medicaid recipients receiving Medicaid health benefits.  They would not apply to those people receiving
Potential Impact of Medicaid Cuts (Part 2)
In my blog post last week, I began a discussion about the possible impact of cuts to Medicaid.  This past week the House of Representatives approved a bill that among other things, reduces the federal outlay for Medicaid by almost a billion dollars.  The bill now goes to the Senate where some
Potential Impact of Medicaid Cuts (Part 1)
With so many significant changes being proposed, some which have already occurred in the first months of the new Congress and presidential administration, a question I am increasingly being asked by clients and prospects who are or may in the future apply for Medicaid is, “will there even be Medicaid
2025 Medicaid Penalty Divisor
As I have written about frequently in this blog, many of Medicaid’s numbers are updated annually. Most but not all are adjusted in lock step with Social Security’s cost of living adjustment (COLA), which is affected by the rate of inflation. One Medicaid number that doesn’t adjust with Social Security is the
The Future of Medicaid
It is a question I am being asked with increasing frequency when people call our office about needing Medicaid now or planning for the possibility of needing it in the future.  “Will there even be Medicaid coverage if and when I need it?”  Specifically, I am talking about the Medicaid programs that
Medicaid Spend Down – More Involved than First Meets the Eye (Part 5)
In this fifth blog post of five,  I finish up with Mary’s call to our office about qualifying her mom for Medicaid.  Mary thought her mom had very few assets left which could then be transferred to a special needs trust (SNT).  Unfortunately, as I have explained in my past 4 posts, Mary
Medicaid Spend Down – More Involved than First Meets the Eye (Part 4)
In this week’s blog post I continue with Mary’s call to our office about qualifying her mom for Medicaid. In my post 3 week’s ago I told you that Mary thought her mom would be able to transfer her remaining assets to a special needs trust for Mary’s brother. I explained that
Medicaid Spend Down – More Involved than First Meets the Eye (Part 3)
In this week’s blog post I continue with the story about Mary’s call to our office concerning Medicaid eligibility for her mom. Mary was seeking confirmation that Mom was ready to apply and that the home  she purchased for her son 15 years ago could be transferred to the special needs
Medicaid Spend down – More Involved than First Meets the Eye – Part 2
In my blog post last week, I told you about a call we received from Mary concerning Medicaid.  As is often the case, Mary initially disclosed what she thought were relevant questions about her mom’s potential eligibility.  She was seeking confirmation that the answers she had arrived at were correct and that
Medicaid Spend Down – More Involved Than First Meets the Eye – Part 1
In this week’s post I return to Medicaid and a call we received a few weeks ago.  Mary called concerning her mother who is in a nursing facility.  Her long term care policy will be exhausted in a couple of months and Mary said she has no other assets.  Her reason for calling