The Complete Guide To Medicaid And Nursing Home Costs

A comprehensive guide to understanding Medicaid and nursing home costs that provides legal advice on protecting personal assets, state and federal laws regarding nursing care facilities, and information on wills and trusts.

Explains how to evaluate a nursing home, and discusses the medical problems of the elderly, Medicare, Medicaid, and insurance coverage, and the Canadian approach to long-term health care

Get the most from your home! Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income. With The Complete Guide to Reverse Mortgages, you’ll learn all you need to know to earn the supplemental income you need, without worrying about: • Having to sell your home • Giving up your title • Taking on a new monthly mortgage payment This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tammy Kraemer and Tyler Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!

The Medicaid Handbook by elder law attorney Sean W. Scott contains invaluable information and guidance on using Medicaid to pay for nursing home care. The Medicaid Handbook explains the complex Medicaid eligibility process in simple easy-to-understand language. It contains illustrations and diagrams of key concepts and areas of interest including income trusts, spousal diversion and look-back periods. Discusses the legal way to avoid being impoverished by nursing home costs. Shows the reader how to save assets, the house, car, and way of life and still obtain long-term nursing care. Up-to-date information includes the most recent federal Medicaid law changes. Contains information and eligibility criteria for all 50 states.

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.

Provides practical advice on paying for health care services, finding long-term care and paying for long-term care.