Commencing January 1, 2019, there are new Medicaid amounts reflecting Medicaid eligibility. 2019 Asset and Income Allowances One Person Two People Income Level *including $20 unearned income disregard $ 879 $ 1,287 Medicaid Resource Level $ 15,450 $ 22,800 2019 Medicaid Transfer Rates for Nursing Home Care Monthly Rates Nassau and Suffolk Counties $ 13,407 New… Read More »
Posts Categorized: Medicaid
Featured Post:
Featured Post:
The Trump Policy Analysis Group (TPAG) – Focusing on Older Americans and those with Special Needs
The Trump Policy Analysis Group (TPAG) [1] has convened to consider probable changes in law that will affect older Americans and those with special needs. Initial TPAG focus is on entitlements, public benefits, tax, special needs planning, and veterans’ benefits. We used a three-fold analysis: stated policy (declared Trump policies and those of the Republican Congressional… Read More »
Featured Post:
You Don’t Need to Travel to Our Office to Get Help
Unless you have a crystal ball, it’s impossible to predict what the future holds. Should you become unable to make your own decisions, it is imperative to appoint someone to take care of your affairs and make healthcare decisions on your behalf. Additionally, in order to ensure that your assets are passed on to your… Read More »
When Should a Medicaid Plan be Presented to the Guardianship Court?
A Medicaid plan can be presented to the guardianship court either before a guardian has been appointed or after, depending on when the need for a Medicaid plan arises. Medicaid Planning at the Onset of the Guardianship Proceeding If the need for a Medicaid plan is apparent at the onset of the guardianship proceeding, then… Read More »
Medicaid 2020 Update
MEDICAID 2020 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2020 ASSET AND INCOME ALLOWANCES One Person Two Person Income Level *including $20 unearned income disregard $895 $1,304 Medicaid Resource Level $15,750 $23,100 2020 Medicaid Transfer Rates for Nursing Home Care Monthly Rates Nassau and Suffolk Counties $13,407 New York City… Read More »
How Can a Medicaid Plan be Approved in a Guardianship?
For many individuals who have capacity or who have executed a durable power of attorney with sufficient authorities granted to their agents, the ability to engage in a well-thought-out Medicaid plan is a given. Beginning with a Court Proceeding However, in situations where an individual has lost capacity and does not have a sufficient durable… Read More »
Should a Guardian Consider Medicaid Planning?
As Elder Law attorneys we advise our clients to execute durable powers of attorney in order to ensure that someone they trust is authorized to manage their property in the event that they no longer have the capacity to do so. In the absence of a durable power of attorney, or if the durable power… Read More »
In Case You Missed It: How to Qualify for Medicaid and Protect Your Assets
In Case You Missed It WATCH THIS SEMINAR TO LEARN: How to Access Quality Long Term Care How to Pay for Long Term Care How to Protect Your Assets and Income What Will Happen if You Don’t Have a Plan Presenter: Vincent J. Russo, Esq. Vincent J. Russo is the Founder and Managing Shareholder of… Read More »
How Can I Keep My Loved One At-Home? A Look at Pooled Income Trusts
As elder law attorneys, we frequently meet with family members frustrated by the cost of long-term health care. Many of our clients wish to remain at home but are misinformed as to their options. A Pooled Income Trust A Pooled Income Trust is a great vehicle to facilitate the goals of applying for Community (home… Read More »
The Medicaid Fair Hearing Process – Important Information to Know
If your application for Medicaid has been denied or not acted upon promptly, you have the right to a fair hearing. Here’s what you need to know: Q: What is a fair hearing? A: A fair hearing is a proceeding before an administrative law judge (ALJ). If you feel that the decision made by the… Read More »
Seminar: How to Qualify for Medicaid and Protect your Assets
Join Vincent J. Russo for this Free Educational Seminar and Learn: How to Access Quality Long Term Care How to Pay for Long Term Care How to Protect your Assets and Income What will Happen if you Don’t have a Plan Date: Jul 17, 2019 Time: 12:00 PM – 2:00 PM Location: Borrelli’s Italian Restaurant… Read More »
Does Medicaid Pay for Assisted Living?
Generally, the answer to this question is “No”. However, Medicaid does have a program, aptly named the “Assisted Living Program” (or “ALP”) that does provide Medicaid coverage for an assisted living. There are a number of facilities in New York, and about a half-dozen or so on Long Island, in the ALP program. Most assisted… Read More »
Applying for Community Medicaid – Part 2: What Your Attorney Can Do
In my first blog in this series, I spoke about what a Medicaid applicant and his or her loved ones will need to do in order to ensure that their attorney has everything necessary in order to make a successful application for Community Medicaid (i.e. home care). Today, I will discuss what you should expect… Read More »
Applying for Community Medicaid – Part 1: What You’ll Need to Do
As the population ages and people are living longer than ever before, an increasing number of people find they need help at home. Because the cost of paying for home care privately can be impossibly burdensome, many families choose instead to apply for Community Medicaid (i.e. home care) to cover the cost. In order to… Read More »
Can a Family Caregiver Get Paid by Medicaid?
Yes, you can get paid through Medicaid as a Family Caregiver to your loved one through a program called “CDPAP” which means Consumer Directed Personal Assistance Program. This is a Medicaid-sponsored plan that empowers you to personally choose, evaluate and hire a friend or family member as your caregiver. Yes, you can get the care… Read More »
Tax Questions Answered: Do I Need to File a Tax Return for my Trust?
Question: I created an Irrevocable Medicaid Asset Protection Trust. Do I need to file a tax return for the trust? Answer: Appropriately named, a Medicaid Asset Protection Trust (“MAPT”) is a trust created to shield assets from Medicaid in order to preserve them for your family and generations to come. If properly drafted and funded,… Read More »
FAQ: #2 – Medicaid: What is the 5 year look back and how does the penalty period get calculated?
Frequently Asked Question #2: Medicaid: What is the 5 year look back and how does the penalty period get calculated? It is not uncommon for me to canvas a group of people and find out that the majority of the group has heard of the 5 year look back when it comes to applying for… Read More »
2019 Medicaid Levels Released
The New York State Department of Health recently issued General Information Statement (GIS) 18 MA/15 which sets forth several of the 2019 Medicaid figures. Here are a few of them (as compared to 2018) – Minimum Monthly Maintenance Needs Allowance (“MMMNA”) – $3,160.60 ($3,090) Community Spouse Resource Allowance (“CSRA”) – $126,420 ($123,600) Resource limit… Read More »