Assets count when it comes to qualifying for Medicaid as we discussed in another post, “How to Qualify for Medicaid Benefits by Planning Now.” However, some assets related to your funeral expenses are excluded, and prepaying them is an acceptable way to spend down your assets to qualify for Medicaid,…
When we get to a certain age, we sometimes experience what is jokingly referred to as a “senior moment.” We forget a name, miss an appointment or overlook a bill. But if forgetfulness or confusion starts to seriously interfere with daily life, it’s time seek medical help. The symptoms could…
You have probably heard the phrase “spend down” – something you could do to reduce your assets which would help to qualify you for Medicaid. A prepaid funeral contract is one of those items that are considered exempt. In other words, its value won’t be counted when the Department of…
By Carmine Perri If you or your loved one is in a nursing home, you need to know your rights! Once you understand what they are, you can better stand up for them. Just as you are protected in your own home by a set of laws, residents of nursing…
By Lara Schneider-Bomzer If you’re like so many Connecticut residents, you wonder whether or not you should purchase a long-term care insurance policy. And whether, or how, it fits into your estate plan. It’s uncanny that we may own a life insurance policy that will provide for our loved ones…
Alzheimer’s Disease is just for old people, right? Wrong. About 200,000 Americans diagnosed with Alzheimer’s are less than 65 years old. Some are in their 40’s and 50’s with children still living at home or in college. The financial implications are frightening. What happens if the breadwinner gets Alzheimer’s? Over…
By Lynda Lee Arnold Maintaining control over medical care can be challenging in the best circumstances, but we face even more layers of complexity when dealing with the physical and emotional challenges of serious, life-limiting illness or advanced progressive frailty. Whether you are concerned about ensuring that your own care…