When planning for an individual client (no spouse), it is common to implement a Gifting & Annuity Plan wherein the Medicaid applicant...

One of the requirements of the Deficit Reduction Act of 2005 (“DRA”) was that the State Medicaid agency must be listed as a remainder...

In a recent blog post, we explained what a Medicaid Compliant Annuity is. To summarize, in order for an annuity to be “Medicaid...

When purchasing a Medicaid Compliant Annuity, we often reference the insurance company’s A.M. Best Rating. A.M. Best is an American...

ANY! If your clients have money in checking accounts, savings accounts, CDs, brokerage accounts, stocks, bonds, whole life insurance...

Medicaid is the largest payer of long-term care expenses. With long-term care expenses continuing to rise, it is important to understand...

Medicaid Planning with retirement/pre-tax IRA accounts can be confusing, especially because each state treats these accounts a little...

When implementing a Gifting & Medicaid Compliant Annuity (MCA) Plan for an individual client (no spouse), the goal is to maximize the...

A Medicaid Compliant Annuity (“MCA”) is an immediate annuity that converts excess countable resources into an income stream (i.e. a MCA...

When planning for a married couple in a state that has a minimum and maximum Community Spouse Resource Allowance (CSRA), the timing of...

Thomas and Barbara Smith are married. Barbara is the owner of an IRA valued at $100,000 and she is the spouse that is in need of care. ...

Most elder law attorneys are familiar with the fact that the Deficit Reduction Act of 2005 outlined specific requirements for annuities...

New Jersey Medicaid recently released Medicaid Communication NO. 20-05 updating the Penalty Divisor to $357.67 per day as of April 1,...

In our previous blog post, we discussed how to calculate the Community Spouse’s Resource Allowance when dealing with a married couple...

When working with a married couple wherein one spouse is applying for Medicaid and the other spouse resides at home, we typically refer...

Medicaid is a means-tested, federal-state health insurance program for low income and needy people. As with any means-tested government...

For Medicaid planning purposes, income is attributed to the person whose “name is on the check”. If two names are on the check, income...

When implementing Medicaid planning for a married couple, typically one spouse is in a facility and the other spouse remains at home or...

In a married couple situation when one spouse is applying for Medicaid benefits and the other spouse remains at home in the community,...

Medicaid Crisis Planning is pretty simple when we’re dealing with post-tax accounts (checking, savings, CDs, etc.). Planning becomes...