Medicaid pays for almost half of the US’s total nursing home costs. But for a senior to be eligible, they must meet the low-income requirements, which include having few assets. Additionally, Medicaid includes a look-back period to ensure the person’s financial...
Medicare and Medicaid are not the same. Medicare is a federal insurance program for anyone 65 or older and some people under 65 with specific health conditions. Eligibility is not dependent on your income level, and the program is the same across the US. Medicaid is a...
Medicaid is a federal and state program designed to provide low-cost or no-cost health care coverage to specific groups of people, such as those with low incomes or limited resources. It is the largest program providing health-related and medical services to...
Medicare is a US federal government health insurance program. It’s designed for people aged 65 and older and for younger individuals living with certain disabilities or illnesses, like End-Stage Renal Disease. Medicare has four parts that help cover different specific...
Probate is a legal process involving the administration of a deceased individual’s estate and assets with or without a will. The specific laws concerning probate vary by state, including when it’s required. Here are 5 common challenges that can arise during probate....
One option many seniors explore is transferring their property to a family member, such as an adult child or grandchild or joint ownership. The goal is to preserve your assets. But you also want to consider your eligibility for Medicaid if you need long-term care in...
