The Department of Veterans Affairs (VA) has finalized new rules that establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA needs-based benefits. This is a change from current regulations, which do not contain… Read more
Someone told my mom to stop giving monetary gifts to her family — even for very small amounts. She wants to be able to give her grandchildren between $25 to $50 for holidays and special events like weddings or… Read more
Although a nursing home cannot require a child to be personally liable for their parent’s nursing home bill, there are circumstances in which children can end up having to pay. This is a major reason why it is important to… Read more
Arizona and Florida are the latest states to request a waiver from the requirement that states provide three months of retroactive Medicaid coverage to eligible Medicaid recipients.
Medicaid law allows a Medicaid applicant to be eligible for benefits for up… Read more
Is the community spouse’s 401(k) considered an asset when the state determines an applicant’s eligibility for Medicaid?
That depends on the state. For example, in Massachusetts the answer is “yes” — 401(k)s and IRAs are counted like any
If your Medicare drug plan denies coverage for a drug you need, you don’t have to simply accept it. There are several steps you can take to fight the decision.
The insurers offering Medicare drug plans choose the medicines — … Read more
Thank you to our guest blogger Thomas Krause, of Krause Financial Services, for leading this conversation on dealing with retirement accounts in crisis planning.
When dealing with crisis planning for Medicaid or VA, one of the trickiest assets to handle… Read more
Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers… Read more