An asset preservation trust is a type of trust that allows individuals to set aside assets to protect them from being counted toward Medicaid nursing home eligibility. However, to be a fully effective shield against being counted for Medicaid eligibility, assets must...
A living trust (also known as a revocable trust) can be an important estate planning tool, however, living trusts are complex and not necessarily for everyone. First a word of warning: in order for a living trust to function properly and efficiently, a living trust...
A special needs trust is a type of trust established for the benefit of a disabled individual in order to provide them with a means of support while still qualifying for government benefits such as Medicaid and Supplemental Security Income (SSI). Government benefits...
In order to be eligible for MO HealthNet nursing home coverage an individual has to remain under certain asset limits. MO HealthNet is the Missouri equivalent of Medicaid. As of July 2017, the individual asset cap is set to change. There are also changes to allow the...
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...
