Category: Medicaid

How To Spend Down Assets To Qualify For Medicaid

For many elderly individuals, Medicaid becomes very important as a means to obtain medical care in their later years. However, because Medicaid is a needs-based program, it has income guidelines that must be followed. Thus, many seniors must spend down their assets in order to meet Medicaid income guidelines. If you find yourself in this […]

Elder Care Law: Understanding Medicare vs. Medicaid

Navigating the complexities of elder care can be overwhelming, especially when it comes to understanding the differences between Medicare and Medicaid. These two programs play crucial roles in supporting the health and financial well-being of seniors, but they serve different purposes and have distinct eligibility requirements. In this blog, we’ll break down the key differences […]

Elder Care Law: The Medicaid Eligibility “Look-Back Period”

Before anyone can enroll in Medicaid, the government conducts a financial eligibility check. Primarily, they’re looking to ensure that applicants have exhausted all available funds. What many families don’t realize, however, is that the government examines five years’ worth of financial records. So let’s say your 80-year-old father applies for Medicaid in November 2018. Before […]