When your parents get older and need more care, you likely will begin investigating how much it costs to live in an assisted-living facility or nursing home in New York. Very quickly, you’ll realize your parents’ nest egg may not cover the high costs. A month in a...
Preserving & Protecting Your Family’s Assets & Legacy
Medicaid Planning For Nursing Home And Home Health Care Expenses
Have limited assets? Medicaid may pay for nursing home care.
Long-term care insurance is expensive; long-term care is even more so. Still, as New Yorkers age, having access to this service plays a crucial role in their retirement plans. Without it, they could lose their entire retirement savings in one expensive procedure and...
The importance of Medicaid benefits
Medicaid benefits can be important for many families and older Americans. Medicaid is a federally mandated healthcare system for low-income Americans that is administered by the states. Medicaid is also funded by both the federal government and state governments. As...
How is Medicaid eligibility determined?
Medicaid is a healthcare coverage program that is administered jointly by the federal government and the Government of New York State. It provides coverage to adults, children, elderlies and those with disabilities. According to federal laws, states are required to...
What is New York’s NHTD Medicaid Waiver program?
Like everyone else, elders in our society have the right to be in control of their lives, the right to take risks and overcome them and the right to learn from that experience. Sadly, advanced age often comes in the way and it becomes difficult for the elderly to...
What is the New York State Partnership for Long-Term Care?
In the advanced stages of life, home care, nursing home care and living assistance are some of the various realities that many individuals and families need to deal with. These services are often expensive, which means that many people usually rely on federal and...
Understanding Medicaid Spend-Down
Medicaid is a program funded jointly by the federal and state governments. The federal government sets certain parameters that all states need to follow, but the actual administration of the program is managed by the state, which means that benefits and coverage for...
What amount of assets could be kept for Medicaid eligibility?
Many people know that nursing home care and other similar assistance is expensive. Of course, it is common for older individuals to need this type of care due to medical issues. When it comes to determining the best options for paying for care, some parties may wonder...
Nursing home care may be necessary for some individuals
Most New York residents want to do what is best for their loved ones. In some cases, that may mean seriously considering placing a parent or other loved one in a nursing home. This thought can easily bring a number of emotions from guilt to relief, but this move...
Adult children may be considering their parents’ long-term care
Many children think the world of their parents. As they grow older, they may come to realize that their parents are not as invincible as they once thought, however. In fact, there may come a time when a parent needs long-term care, and New York residents may...
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