As we’ve discussed in other posts, in order to qualify for Medicaid long-term care benefits in Kentucky, your total assets must be less than $2,000. This raises an important question: what exactly is an asset? Simply put, an asset is anything that you own and have...
More Than 100 Years Of Combined LEGAL EXPERIENCE In Kentucky and Ohio
Month: June 2020
Can Medicaid Take My House
One of the most common questions I hear is: can Medicaid take my house? There’s no short and complete answer to this question (we are attorneys, right?) but, generally speaking, you can be required to sell your home in order to pay for your long-term care. To qualify...
When To Think About Long-Term Care
Most people don’t think about long-term care until they or a loved one needs immediate help—this often comes after a medical emergency that requires a stay in a nursing facility. In these stressful situations, it is easy to assume that the chance to secure Medicaid...
What Is The Difference Between Medicaid and Medicare?
A common source of confusion for families facing long-term care decisions is the difference between Medicaid and Medicare. Medicare is federally operated medical insurance providing health care coverage to certain people (usually older people and those who have been...
What Is Medicaid Planning?
People have asked: what is Medicaid planning? In simple terms, it is estate planning that is focused on making sure you can qualify Medicaid long-term care benefits while maximizing the amount of money you (and your family) get to keep. This can be done years ahead of...