Sabotaging the plan: Evildoers undermine estate plans
The importance of planning ahead and laying a strong foundation for a stable future through estate plan cannot be overemphasized. However, even with great efforts and best intentions, estate plans can be sabotaged. If you have a plan for your estate or need to develop one, you may need to look out for such sabotage […]
What Are The Types Of Home Care Available
There are different types of home care available to Medicaid participants in Brooklyn. The kind of care the participant receives at home will be based on the Medicaid program they opt for according to their unique needs. However, you should know that not all Medicaid programs cover long-term care costs at home. Some only cover […]
Is Home Care Covered By Medicaid?
Perhaps you or your elderly loved one are looking towards long-term care. You are considering getting the care at home rather than in an assisted living facility. But your question is, “Will Medicaid cover the cost of my home care?” Since most seniors now prefer to be cared for at home rather than in an […]
Does Getting Medicaid Affect Medicare in Brooklyn?
You may currently be enjoying Medicare benefits. But then you realize you are also eligible for Medicaid. Now you’re wondering, does getting Medicaid affect Medicare? Will applying for Medicaid annul your eligibility for Medicare in Brooklyn? The answer is no. Medicare and Medicaid are entirely two different things. Getting Medicaid will not affect your Medicare; […]
Who Should Apply For Medicaid?
Medicaid Brooklyn Medicaid is a government benefit available to low income and disabled individuals for the cost of their health care. There is no age limit for Medicaid as it is with Medicare. However, Medicaid basically caters to people who can’t afford the cost of healthcare or long-term care. Medicaid eligibility in Brooklyn The following […]
What Is A Medicaid Asset Protection Trust?
Medicaid Asset Protection Trust (MAPT) A Medicaid asset protection trust is an estate document used to keep away assets so that one can become eligible for Medicaid. It’s a great strategy adopted by elder law attorneys in Brooklyn to protect clients’ assets from being eaten up by their long term care costs. Why you should […]
Can an Irrevocable Trust be used to protect assets when applying for Medicaid?
No doubt, long-term care in a nursing home can be very expensive for an average senior or individual. In 2020, the average cost for a semi-private room was $7,756 for each month, rising to $8,821 per month for a private room. Looking at the average Social Security payout in June 2020 (of around $15,000 per […]