Medicaid Planning

March 8, 2018

Medicaid 101: Part 6 – Snapshot Date and Community Spouse Resource Allowance

Part 1 of this Medicaid blog series generally discussed the Medicaid program and its eligibility requirements.  Part 2 discussed the Assisted Living Waiver program, and Part 3 addressed the PASSPORT program.  This post will refer to all three programs collectively as “long-term care” Medicaid.  While each of these programs has a specific set of eligibility criteria, some criteria apply to all three programs, including the […]
April 5, 2018

Medicaid 101: Part 10 – Long-term Planning for Medicaid

Part 5 of this blog discussed the five-year lookback period for Medicaid eligibility.  If any gifts or transfers of assets are made in the five years preceding the filing of a Medicaid application, the applicant may be penalized for those gifts or transfers. Any transfers made more than five years before a Medicaid application is […]
April 12, 2018

Medicaid 101: Part 11 – Crisis Planning

Part 10 of this blog series discussed long-term planning – that is, planning to protect assets more than five years before a Medicaid application is filed. Many times, however, unexpected events occur and a long-term plan cannot be accomplished.  Instead, a more immediate plan, called a crisis plan, could be implemented to still protect assets […]