by emma.johnson@thomsonreuters.com | Jun 9, 2020 | Firm News
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...
by emma.johnson@thomsonreuters.com | Jun 5, 2020 | Firm News
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...
by emma.johnson@thomsonreuters.com | Jun 4, 2020 | Firm News
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...
by emma.johnson@thomsonreuters.com | Jun 3, 2020 | Firm News
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...
by emma.johnson@thomsonreuters.com | Jun 2, 2020 | Firm News
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...
