Children came to the office because their father was in rehab with an upcoming discharge to the nursing home, and their mom was in the early stages of Alzheimer’s disease. The children were concerned about getting their father the appropriate long term care, while also
Our client was in her early 60’s and suffered a debilitating stroke, leaving her paralyzed on one side and residing in a nursing home. Client was employed and thriving at the time of her stroke. When it became apparent that recovery was going to be
Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give the spouse a guaranteed income. But immediate annuities may not
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less. As long-term care premiums rise, short-term
Daughter came to our office because mom was residing out of state and with Alzheimer’s Disease and struggling to remain in the community. There was no one to care for her, manager her affairs, and she was failing. We instructed the daughter to transplant her
A mother created an irrevocable trust with the purpose of 5-year lookback/MassHealth planning. Unfortunately, her health took a turn a year after the trust was created and she went into a nursing home. By the time the son came to us for a MassHealth long-term
A recent New Jersey appeals court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes. The case involves two brothers who got into a fight over whether to place their mother in a nursing
A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term Care Insurance Price Index, an annual report from the American
Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula. Premiums for qualified long-term care insurance policies are tax deductible to the
More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases. Many states use managed care to deliver care to their regular Medicaid populations, but
Children came to the office because their father was in rehab with an upcoming discharge to the nursing home, and their mom was in the early stages of Alzheimer’s disease. The children were concerned about getting their father the appropriate long term care, while also
Our client was in her early 60’s and suffered a debilitating stroke, leaving her paralyzed on one side and residing in a nursing home. Client was employed and thriving at the time of her stroke. When it became apparent that recovery was going to be
Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give the spouse a guaranteed income. But immediate annuities may not
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less. As long-term care premiums rise, short-term
Daughter came to our office because mom was residing out of state and with Alzheimer’s Disease and struggling to remain in the community. There was no one to care for her, manager her affairs, and she was failing. We instructed the daughter to transplant her
A mother created an irrevocable trust with the purpose of 5-year lookback/MassHealth planning. Unfortunately, her health took a turn a year after the trust was created and she went into a nursing home. By the time the son came to us for a MassHealth long-term
A recent New Jersey appeals court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes. The case involves two brothers who got into a fight over whether to place their mother in a nursing
A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term Care Insurance Price Index, an annual report from the American
Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula. Premiums for qualified long-term care insurance policies are tax deductible to the
More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases. Many states use managed care to deliver care to their regular Medicaid populations, but
