How To Get Medicaid To Pay For Some Or All Of Your Long Term Care Expenses Without Having To Wait 5 Years Without Having To Sell Your House And Without Having To Go Broke First

As we age, the exorbitant cost of long-term care is, by far, the greatest risk to one's financial security. From hiring a home-health aide, to paying for assisted living facilities or nursing home care, five years of long-term care can easily cost between $200,000.00 and $600,000.00 - which will completely decimate the life savings of most Americans. Most people don’t realize that Medicaid is available to pay for long term care expenses. Even fewer know that one can legally and ethically qualify for Medicaid before going broke! This book was written by a Florida elder law attorney and includes an overview of Medicaid Planning, with chapters devoted to: - The Medicaid Income and Asset Tests - Countable vs. Non-Countable Assets - What is a Qualified Income Trusts (Miller Trust), and when is one needed? - How to Protect Your Home (or sell the house and still be Medicaid eligibility) - Clarifying the 5-year look back period (no, you shouldn't have to wait 5 years to engage in Medicaid Planning) - Personal Services Contracts (Caregiver Agreements) - Special Needs Trusts - How to minimize or avoid Medicaid estate recovery - other lesser-known Medicaid Planning techniques The book will explain how to take someone with too many assets and qualify them for Medicaid. It will also explain how to protect one's Medicaid eligibility after receiving a sudden influx of assets (such as from a personal-injury settlement or after receiving an inheritance). Given the amount of misinformation being disseminated about Medicaid, and who is able to obtain those long-term care benefits, this guide (written by a Florida Medicaid lawyer - https://www.elderneedslaw.com/ - for the benefit of non-lawyers) seeks to provide clear steps to enable you to understand how you can tap valuable resources in order to care for yourself, your spouse, or your elderly loved one.

"A resource on the use of Medicaid to pay for the costs associated with a long term stay in a nursing home or assisted living facility. Includes sample strategies to protect assets and qualify for Medicaid benefits"--Provided by publisher.

Written by an elder law attorney with over 23 years experience, this book will help anyone with a family member faced with a long-term stay in a nursing home who wishes to preserve at least some of their assets by qualifying for the Medicaid program. You dont have to be broke to qualify! For the first time ever, the inside secrets of high-priced estate planning and elder law attorneys are revealed. Includes a summary of all income and asset rules for both married and single individuals, together with numerous examples and several case studies, which take the reader through the same thought processes that an experienced elder law attorney would go through when analyzing a real-life clients situation. The book includes tips on: how to title your home so you do not lose it to the state; how to make transfers to family members that wont disqualify you from Medicaid; how annuities make assets disappear; smart tricks for spending down your assets; what to change in your will to save thousands of dollars if your spouse ever needs nursing home care; avoiding the states reimbursement claim following the nursing home residents death; and much more. Completely up-to-date, the book includes the massive changes made by the Deficit Reduction Act of 2005 as well as the December 2006 Tax Relief and Health Care Act amendments.

The preeminent doctor and bioethicist Ezekiel Emanuel is repeatedly asked one question: Which country has the best healthcare? He set off to find an answer. The US spends more than any other nation, nearly $4 trillion, on healthcare. Yet, for all that expense, the US is not ranked #1 -- not even close. In Which Country Has the World's Best Healthcare? Ezekiel Emanuel profiles eleven of the world's healthcare systems in pursuit of the best or at least where excellence can be found. Using a unique comparative structure, the book allows healthcare professionals, patients, and policymakers alike to know which systems perform well, and why, and which face endemic problems. From Taiwan to Germany, Australia to Switzerland, the most inventive healthcare providers tackle a global set of challenges -- in pursuit of the best healthcare in the world.

If you or a loved one are in need of long term care, this book provides practical answers to complex Medicaid issues, including eligibility requirements, myths, facts and mistakes, application process and even support available. The reality in the United States is this: a sizable percentage of people will eventually need some form of long term care. The cost of assisted living and nursing home care is, at times, out of reach financially for anyone and can put most families in debt. Whether you are planning for yourself or a loved one, Medicaid is often the best bet for paying for long term care so learning about the complex Medicaid benefits is a prudent and fiscally responsible endeavor.

Practical guide to making the right decision about long-term health-care

Discusses the vulnerability of the frail elderly in California at the mercy of untrained, unreliable and even abusive care givers who are largely unmonitored by either the State or the counties.