Article 69-Estate Planning Series: This is How You Can Make a Difference

Written by Wright Law on . Posted in Estate Planning, Long Term Care

They call it a “virtual dementia” tour.  For a ten to fifteen-minute period, I was placed in an environment designed to simulate the effects of dementia.    People living with dementia often appear docile, giving the impression that dementia is somehow a serene experience.   My experience was anything but serene. 

Even though my mind re-acclimated within a few minutes, my body was still trying to make sense of the experience.  I felt out of breath, even though I had done nothing strenuous.  I left with a greater sensitivity for those who live with dementia, and for their caregivers.

Article 36-Estate Planning Series: Potential Long Term Care Assistance Every Veteran Should Consider

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In recognition and honor of Veterans’ Day, my next few columns will address a benefit that is available to some armed forces veterans in need.  This benefit currently provides single veterans who qualify up to $1788 of tax free cash assistance per month.  A married veteran can potentially receive up to $2120 per month.

Article 32-Estate Planning Series: Qualifying for Medicaid Assistance – Part 7 – Asset Limits

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In the last several columns, I have addressed the medical and financial requirements necessary for seniors to receive Medicaid assistance with long term care.  You may have noticed that nowhere in those columns did I mention the so called “5 year rule,” a rule that many have heard about but do not really understand. 

Article 31-Estate Planning Series: Qualifying for Medicaid Assistance – Part 6 – Asset Limits

Written by Wright Law on . Posted in Estate Planning, Long Term Care

To qualify for long term care assistance from Medicaid, a senior applicant must establish both health and financial need.  Financial needs are determined based on both the income and the assets of the applicant.  In recent columns I have addressed Medicaid’s income limit.  Starting with this article, I will address Medicaid’s asset limit.

Article 30-Estate Planning Series: Qualifying for Medicaid Assistance – Part 5 – Income Limits

Written by Wright Law on . Posted in Estate Planning, Long Term Care, Trusts

In recent weeks I explained that a senior seeking Medicaid assistance for long term care cannot have monthly income over a certain amount ($2219 for 2015) to qualify.  However, there are several ways in which the applicant’s income can be calculated, based in significant part on the income of the applicant’s spouse.

Article 29-Estate Planning Series: Qualifying for Medicaid Assistance – Part 4 – Income limits

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In recent columns, I have been addressing how a senior must qualify before Medicaid will assist with the cost of long term care.  One requirement is to establish financial necessity, which requires a review of the Medicaid applicant’s assets and monthly income.  This column will address the income requirement to qualify for Medicaid. 

Article 28-Estate Planning Series: Qualifying for Medicaid Assistance – Part 3 – Financial Necessity

Written by Wright Law on . Posted in Estate Planning, Long Term Care

To receive Medicaid assistance for long term care, a senior must show financial need.  In some cases, significant financial decisions are made with the intent to qualify for Medicaid. Unfortunately, due to misinformation or misunderstanding, those decisions can have the opposite effect.  I previously gave the example of a couple who thought they had to get a divorce in case one of them needed to qualify for Medicaid.  As I hope you will come to see, this would have been exactly the wrong thing to do.

Article 26-Estate Planning Series: Qualifying for Medicaid Assistance – Part 1 – Medical Necessity

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In recent weeks, I have addressed the difference between Medicare and Medicaid as it relates to seniors receiving long term care.  In the last article, I also discussed how Medicaid may be your most expensive option to pay for long term care.  Nevertheless, Medicaid is an important resource for those without options. 

To receive Medicaid assistance for long term care, seniors must meet certain conditions.  Those conditions address both the applicant’s health and financial condition.  This column addresses how an applicant’s health is assessed.

Wright Law Offices, PLLC

477 Shoup Avenue, #109
Idaho Falls, ID 83402
Phone: (208) 523-4433
Copyright © Wright Law Offices, PLLC,
All rights reserved.

The information on this website is provided by Wright Law Offices, PLLC as a service to the public. Legal advice must be tailored to the specific circumstances of each case. Nothing provided herein should be used as a substitute for legal advice. The information provided on this site is not guaranteed to be complete or up-to-date.