by Randy Coleman | Apr 1, 2012 | Disability Planning, Elder Care, Elder Law, Estate Planning, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes |
In Florida, if you are already in a nursing home, it may be too late to “give away” your assets and still qualify for Medicaid benefits for nursing home care, but that doesn’t mean that you can’t protect most of your assets and still qualify...
by Randy Coleman | Mar 31, 2012 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes |
Getting benefits from Medicaid for nursing home costs may be something that is easy and straightforward for some. For others, those who want to protect assets from nursing home costs, the Medicaid planning process and the application for Medicaid benefits to pay for...
by Randy Coleman | Mar 28, 2012 | Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Qualified Income Trust |
In Florida, which is an “income cap” state, eligibility for Medicaid benefits is barred if the nursing home resident’s gross income from all sources exceeds $2,094 a month (for 2012). However, if the excess income above this amount is paid into a...
by Randy Coleman | Mar 25, 2012 | Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Qualified Income Trust |
If your spouse is required to enter a skilled nursing facility it is not necessary for you to “give away” all of your assets to protect your assets from the cost of your spouse’s nursing home care. Assuming that you and your spouse do not have...
by Randy Coleman | Mar 22, 2012 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Qualified Income Trust |
Nursing home care in a skilled nursing home in Northeast Florida now averages about $85,000 per year. If you, or a family member or other loved one, needs skilled nursing home care, there are only three ways to pay for the cost of the nursing home care. The first is...
by Randy Coleman | Feb 6, 2012 | Asset Protection, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Qualified Income Trust |
Florida is an “Income Cap State” with regard to eligibility for Medicaid benefits to pay for nursing home care. That means that if the nursing home resident’s income exceeds the “income cap”, he or she will not be able...
