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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...
If your parent needs long-term care, he or she may qualify for Medicaid. However, New York has income and asset limits in place that affect eligibility. Learn more about the financial qualifications for New York Medicaid for seniors who need nursing home assistance....
The Medicaid program can provide you with benefits and coverage that you may not get through other health insurance you have, including Medicare. According to Medicaid.gov, your eligibility for this program depends on your income level because it is only for...
Medicaid is a federal program that provides additional coverage for seniors who have a low income. These additional services can help your parents pay for their long-term care needs, such as nursing facility costs. It also covers items that Medicare does not, such as...
All across America, many people rely on Medicaid for health care. To receive funding, the federal government disburses funds to state governments that then pass it on to those who need it. The federal government has been hinting at potential changes to this process...
Long-term care costs often blindside those in retirement. Because of this, many turn to Medicaid to alleviate some of the financial burden of long-term care. Medicaid is a government health care program that can help with paying costly care expenses. However, Medicaid...
Planning for healthcare costs in retirement is important for everyone. If you are on or planning to be on Medicaid, planning ahead is even more important. Medicaid includes financial eligibility requirements, which is one of the big reasons it is so important to plan...
The costs associated with long-term care often leave people reeling. Though you or a loved one may need extended care from professionals, you may struggle to pay the bills associated with the attention and treatment needed. As a result, you may want to take the time...
Put Your Rental Home into a Corporation or LLC Putting Rental Home Into a LLC or S-Corp is Sound Medicaid Planning by Aaron E. Futterman, Esq. To qualify for Medicaid in New York, the Medicaid Regulations ("Regulations") provide that all income and resources actually...
Effective January 1, 2018, Medicaid regional rates for calculating transfer penalty periods for 2018 were increased from 2017. The regional rates are: Long Island $13,053 New York City $12,319 Northern Metropolitan $12,428 Rochester $11,692 Northeastern $10,719...
