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
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
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
I recently had my living trust updated after 20 years. Now I regret that I didn’t convert the trust to an irrevocable trust. I recently had a mini stroke and am scheduled for some surgery. Can I convert the… Read more
My mother is in a nursing home here in California and is on Medi-Cal (Medicaid). My father has almost depleted his bank account and needs money for dental work. He has two life insurance policies (my mom is the… Read more