Qualifying for Medicaid can be a complex process. Even though Medicaid was set up to care for people that need help, the system has many different rules in relation to eligibility. Medicaid Eligibility Requirements Medicaid has three types of requirements that they look at when evaluating to determine approval for eligibility of nursing home medicaid. These requirements look first at medical needs and level of care needed, and then the second and third requirements are all about finances. An important factor to note is that if the individual applying for Medicaid is married, Medicaid will look at the spousal assets and income as well. Evaluation 1 The first thing that Medicaid looks at to determine eligibility is requirements related to level of care. Because there are many different Medicaid programs, this requirement will be different depending on which program is being applied for. Medicaid takes into consideratio...
Beginning Your Estate Plan As we age, we begin to think more about protecting assets as well as the inevitable. We will all pass and when that happens its important that we are prepared. Preparing for the future allows us to protect our loved ones from having to deal with all the details of how our Estate should be handled. And, allows us the ability to document our wishes when we pass. When you hear the word estate, its best to think of it as everything you own. Regardless of the size of your estate, as the saying goes "You Can't Take it With You". That brings up the question that must be answered which is, who will your estate go to? This blog contains very high level that you need to know about estates and estate planning as well as the importance of hiring an Elder Law Attorney. What is an Estate and Why Do I Need an Estate Plan? An estate includes all money, investments, and belongings that you own. This includes vehicles, ...