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Under certain circumstances, Medicaid pays for stays in a nursing home. However, in order to qualify for Medicaid an individual or couple has to have countable assets under a particular amount. If an individual or couple’s countable assets exceed the Medicaid asset...

Medicare Part B, which covers doctor’s visits, outpatient care, and other preventative medical services, is available to individuals who do not have employer based health insurance and are 65 or older or those who qualify due to a disability. However, people have to...

Last year, the Centers for Medicare & Medicaid Services (CMS) issued new regulations that would have effectively limited the ability of long-term care facilities to put binding arbitration agreements into resident admission contracts. A number of nursing homes and...

Under certain circumstances, Medicaid will cover the cost of nursing home care. In order to be eligible for coverage, individuals have to fall under a fairly restrictive eligibility asset cap. If a potential Medicaid applicant is married, however, the combined assets...

Grandchildren can be a source of joy for many. Some grandparents feel an urge to provide for their grandchildren through gifts. However, there are factors to consider before giving significant gifts to grandchildren. First, it is always important to make sure your own...

A fiduciary is someone who has been granted the authority to act on behalf of another person. Estate administrators, guardians, trustees, and people who have been given a power of attorney are all examples of fiduciaries. A proper estate plan will have fiduciaries in...

Geriatric care managers, also known as aging life care professionals, are elder care professionals who specialize in managing the care needs of elderly clients across a spectrum of services from home care, to care facilities, and other available services. Geriatric...

A joint account can be a useful device for pooling resources and eliminating the time and expense of maintaining two separate accounts. Under a joint account, two (or more) people have individual control over all assets in the account. Any of the joint account holders...

Medicaid can be a valuable resource in paying for a stay in an care facility, but there are financial eligibility rules for various assets that make applying for Medicaid complicated. Life insurance is one type of asset that can affect Medicaid eligibility under...

The IRS recently reported that email-based tax scams, i.e. phishing or malware, increased by over 400 percent last year. A “phishing” attack is when you receive an imitation email from someone posing as a trusted institution or person that tries to either ask you for...