Category: Medicaid Information

Gifting away assets can cause serious problems when attempting to qualify for long-term care Medicaid.  The punitive Medicaid asset transfer rules are one of the harshest and cruelest rules ever imposed by the government against its ailing seniors.  An improper transfer can cause serious penalties that can leave a patient’s family scrambling to figure out […]

Somehow over the years the terms Medicaid Friendly Annuity and Medicaid Compliant Annuity have entered the planning lexicon.  Most advisors without much background in this work use them interchangeably – but they really have different meanings.  If you are not aware of the difference or why you should never use the term Medicaid Friendly Annuity, I encourage you […]

Most people do not know how the revocable living trust interplays with Medicaid rules for long-term care medical assistance eligibility.  The living trust can cause major problems.  Every advisor who recommends a trust or does estate planning should understand how the living trust affects the Medicaid spenddown.  We all love the Revocable Living Trust (RLT), […]

The good news for same-sex couples is that the rulings handed down on June 26, 2013 by the Supreme Court of the United States (SCOTUS) will expand the definition of spouse for Medicaid purposes to include a same-sex spouse. The opinion resulted in repeal of the Defense of Marriage Act (known as “DOMA”) as it […]

Consider that there will be 40 million Americans over the age of 65 by 2040. Statistics are also showing many other interesting facts. Did you know that 75% of people will require Long Term Care