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Gave It Away and Can’t Get It Back = Medicaid Trouble

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Most Medicaid applicants quickly realize that giving away assets can get them in trouble. To receive help paying for the nursing home through Medicaid, you must disclose your financial transactions during the last five years, referred to as the “look-back period.” Ohio has a five-year look-back period. If you gave away an asset or sold …

Medicare vs. Medicaid

Medicare vs. Medicaid

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As Elder Law Attorneys, we are asked, “What the difference between Medicare and Medicaid?”

Simply put, Medicare is health insurance for Americans over the age of 65 and Medicaid is the government assistance program available to pay nursing home, assisted living or in-home care costs for Americans over the age of 60.

Medicare pays for doctor visits, …

Don’t Lose it All: How Planning While You’re at Home Can Save Your Nestegg from the Nursing Home

Don’t Lose it All: How Planning While You’re at Home Can Save Your Nestegg from the Nursing Home

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Yesterday, all my troubles seemed so far away – The Beatles’ classic song about regret rings all too true among those in a nursing home crisis. What seemed like a good idea at the time becomes a huge problem when people give gifts or make transfers just before they go to a nursing home. We …

My Spouse Went to a Nursing Home – Can I keep his income?

My Spouse Went to a Nursing Home – Can I keep his income?

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I get this question at almost every consult for a nursing home emergency and from many other professionals I work with when I do nursing home planning. This question is common because it’s difficult to answer. Here’s the good news: You get to keep all of your income no matter the amount!

Now to answer the …

Are your spouse’s assets at risk if you go into a nursing home?

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How can you make sure your assets are protected from long-term care costs?

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Can you receive government benefits for care and still stay at home?

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How does the Medicaid spend-down work?

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Carl Wren Jr., Bellefontaine, Ohio

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We visited with three lawyers before we decided on AlerStallings. Liz was very patient with all my Dad’s questions.  We are pleased with the results.

Marjorie Wolfe, Columbus, OH

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I feel so much more confident and knowledgeable about these kinds of affairs after working so closely with Steve.

The Sandwich Generation: Caught between two worlds.

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By: Guest Blogger Erik Brown, CFP

This educational, third-party article is provided as a courtesy by Erik Brown, CFP® , Agent, New York Life Insurance Company. To learn more about the information or topics discussed, please contact Erik Brown, CFP® at 614-793-2121.

The “Sandwich Generation” refers to the large number of adults who are dealing with both young children …