Completing, reviewing, and updating estate planning documents is often that item that gets pushed to the bottom of a very long to-do list. Whether you have not yet created your documents or you have your documents complete and set them aside, it is important to know when updates need to...
Category: Medicaid
How to Get Paid While Taking Care of a Family Member in New York
As our loved ones age and need additional assistance, we often do our best to assist in their regular care needs. However, many New York residents struggle mentally and financially while caring for their family members. To provide support for both the individual receiving care and the caregiver, an alternative...
Protecting Your Home with a Medicaid Asset Protection Trust
Contact Us to Learn More About the Medicaid Asset Protection Trust As we age, it's important to think about protecting our assets and planning for the future. One way to protect your home and other assets is through a Medicaid Asset Protection Trust (MAPT). In this article, we'll explore what...
Tips for Caring for a Parent with Dementia
Caring for a parent or loved one with dementia can be a challenging and emotional experience. Dementia can affect people in different ways, depending upon the underlying causes, any additional health conditions, and the state of the person’s cognitive function before becoming ill. Symptoms can become worse over time, while...
Does Medicaid Pay for Assisted Living?
New York’s Medicaid program is a government-funded benefits plan that pays for long-term care for eligible elderly or disabled individuals who require a certain level of medical and personal assistance. If you are a resident of New York and qualify for Medicaid, the program may pay for the care component...
New Law Alert: Changes in New York Medicaid Limits
Many elderly New York residents rely on Medicaid benefits to provide them with access to necessary medical care and assistance with daily activities. To receive Medicaid, there are specific qualifications that one must meet. However, recent changes to New York Medicaid limits have been adopted in 2023, and it is...
Medicare’s Reduced Premiums in 2023 – What You Should Know with Open Enrollment NOW
Medicare is an essential federal health program for individuals 65 and older, as well as for younger individuals with disabilities. Medicare Part B helps cover routine medical care, home healthcare, medical equipment, and more. Despite the significant rise in inflation in recent years, Medicare Part B premiums will decrease for...
How to Use Pooled Trusts for Medicaid Planning
While there are many myths surrounding Medicaid in New York, one of the most common misconceptions is that a person “makes too much money” to qualify for Community Medicaid. With the rising cost of long term care, many New York residents are unable to afford to pay for home health...
Lookout! New York 30 Month Community Medicaid Lookback
Most New Yorkers are aware of the 60 month (5 Year) lookback for Nursing Home Medicaid Applicants. However, New York may be implementing a similar lookback for Home Care or Community Medicaid services as early as March 31, 2024. New York’s Community Medicaid Lookback Law is complex, confusing many individuals...