Resources For Americans 55+
How to Keep Nursing Home Costs from Wiping Out Your Life Savings and Your Family's Assets Medicaid will pay the entire cost of a long-term stay in a nursing home -- if you know how to qualify! Don't lose your house to the nursing home! Click on the link below to get the whole story: protect your assets while qualifying for Medicaid! K. Gabriel Heiser, J.D., is an attorney specializing in elder care and estate planning. For the last 25 years, He helped hundreds of people pay for nursing home care -- and kept them from going broke in the process. He advised them on how to protect their homes and other family assets from devastating nursing home expenses so that they can have something to pass on to their children, relatives or charitable institutions. He discovered a great many things about the Medicaid system that hardly anyone knows. For instance, did you know that there's one secret technique that can double the amount of assets your family can protect -- yet very few attorneys are even aware of how it works?
"A Must-Read for Anyone Who Has Elderly Parents If, after reading Medicaid Secrets and learning the secrets that he reveals, you don't think it's worth at least 10 times its price, or you're not completely satisfied for any reason, simply return the book in new condition within 30 days of delivery and you will receive a full refund of your purchase price. Review"Medicaid Secrets does an outstanding job of pointing out the issues and concerns important to clients who are or should be concerned about Medicaid eligibility. Medicaid Secrets contains a thorough Table of Contents and a comprehensive Index that readers can use to easily find specific topics. It also provides numerous examples that prove invaluable in explaining the concepts under discussion. In fact, the real-world examples, and their direct connection of Medicaid policies and concepts to real-life situations, provide the true value of the book and set it apart from other published articles on Medicaid. An additional fact sets this book apart from other published works: Medicaid Secrets is absolutely current. It includes the major changes in federal Medicaid law brought about by the Deficit Reduction Act of 2005, enacted February 8, 2006, and the later amendments enacted on December 20, 2006." -- The Colorado Lawyer (official publication of the Colorado Bar Association), April 2007 "Well written, clear, easy to follow, and well organized..." "I have read your book and it is great! It is a perfect quick tour of Medicaid planning...
Medicaid is health insurance that helps many people who can't afford medical care pay for some or all of their medical bills. Medicaid is available only to people with limited income. You must meet certain requirements in order to be eligible for Medicaid. Medicaid pays for hospital, doctor, prescriptions, nursing home and other healthcare needs. The pile of paperwork required and an often inefficient government processing system can make filing an application for public benefits an enormous project. Although the federal government shares the cost of funding the Medicaid program with the states and requires the state government to uphold certain standards with respect to efficiency and the granting of Medicaid applications, it is not uncommon for a state or county office to fail to meet the federally imposed guidelines. According to a study published by the New England Journal of Medicine almost half of all Americans will spend some time in a nursing home. The average cost of a nursing home in the United State is approximately $9,000 per month, and in some areas it exceeds $10,000 per month. There are five ways to pay for a nursing home: private pay, long-term care insurance, Medicare, Veterans benefits, and Medicaid. Only about 5% of Americans have long-term care insurance. Many are uninsurable or cannot afford such insurance. At most, Medicare pays part of 100 days. Less than 1% of nursing home residents are receiving Veterans benefits. The major alternative to private pay is, therefore, Medicaid. By carefully designing a thorough Medicaid plan, security can be ensured for the Community Spouse and a legacy can be preserved for children. Failure to design a sophisticated plan may result in the Community Spouse being unable to maintain his or her standard of living. In some instances, the family home may have to be abandoned. The rules of eligibility for Medicaid are strict. Medicare and Medicaid are two different programs. Medicaid is a state-run program providing hospital and medical coverage for low-income residents, and each state has its own eligibility rules and coverage benefits. Some people qualify for both programs. Information about the Medicaid program is available from local medical assistance agencies, social services or welfare offices. Medicaid is health insurance available to certain people and families who have limited income and resources. The rules for counting your income and resources (like bank accounts or other items that can be sold for cash) usually depend on which state you live in. Eligibility may also depend on how old you are and whether you are pregnant, whether you are blind or have other disabilities, and whether you are a U.S. citizen or a lawfully admitted immigrant. If a woman’s labor and delivery of her child is covered by Medicaid, her baby may be covered for up to 1 year without needing to apply. Even if you aren’t sure whether you qualify, if your income is limited, and if you or someone in your family needs health care, you should apply for Medicaid and have a qualified caseworker in your state look at your situation. People with Medicaid may also get coverage for services such as nursing home care. Depending on your state's rules, you may also be asked to pay a small part of the cost (copayment) for some medical services. If you qualify for both Medicare and Medicaid, most of your health care costs will be covered. Medicaid Coverage may start retroactive to any or all of the 3 months prior to application, if the individual would have been eligible during the retroactive period. Coverage generally stops at the end of the month in which a person's circumstances change. Most States have additional "State-only" programs to provide medical assistance for specified poor persons who do not qualify for the Medicaid program. No Federal funds are provided for State-only programs. ____________________________________________________________________________ Texas Medicaide | |
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