The average cost of nursing home care in New York is astounding! The general range is between $13,000-$20,000 per month. There are three forms of accepted payment: Private pay (from your own pocket); Long-term care income (if you are fortunate…
Healthcare costs can be extremely expensive, especially so when considering the care of an incapacitated person. Depending on the nature of the person’s incapacities, they could require significant amounts of home care or placement in a residential facility offering care…
Medicaid is not in the market to own people’s houses. However, that does not mean that the value of your home isn’t exposed without proper Medicaid planning. An individual looking to qualify for Medicaid for either Community or Nursing Home…
A popular question we often receive is, "If I apply for Medicaid is my home exempt?" A homestead is defined by Medicaid as the primary residence occupied by the applicant, the applicant's spouse, or the applicant's minor, disabled, or blind…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on March 30th to discuss "Protecting Your Child with Special Needs (the Supplemental Needs Trust)" Colleen: Vincent, welcome back to your four-part…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on March 16th to discuss "First Party Special Needs Trust and Medicaid" Colleen: Vincent, welcome back on your four part series on…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on March 1st to discuss "Medicaid Home Care: Protecting Your Income” Colleen: Today, we will be addressing Part Two in our Series…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on February 23rd to discuss "Protecting Your Residence with a Medicaid Asset Protection Trust?” Colleen: Today, we are introducing a four-part series on…
MEDICAID 2022 UPDATE COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY. 2022 ASSET AND INCOME ALLOWANCES One Person Two Person Income Level *including $20 unearned income disregard $954 $1,387 Medicaid Resource Level $16,800 $24,600 2022 Medicaid Transfer…
Do you or your loved one need immediate assistance with care? The cost of continuous long-term care can be financially devastating to families. The good news is… you have options with the right Medicaid planning process for eligibility. Medicaid provides…