» Medicaid Planning

Supreme Court Upholds Case Striking Down Pooled Trust Age Limit

The U.S. Supreme Court has refused to hear a case involving Pennsylvania’s pooled trust age limit. The case was an appeal by the state challenging a decision by the U.S. Court of Appeals for the Third Circuit that pooled trusts established by peopl… Read More
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Michigan Implements Estate Recovery Program

Michigan recently began its long anticipated “Estate Recovery” program. The program enables the state to seek recovery of the cost of the medical care expenses paid to a person older than 55 years of age, via the state’s Medicaid assistance pro… Read More
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Medicare Open Enrollment Period Ends 12/31/09

It is that time of year again — time to reassess whether your Medicare plan is working for you. Medicare’s open enrollment period began November 15 and continues until midnight December 31. During this period, you may enroll in a Medicare Part D… Read More
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Health Care Reform and Long Term Care

Many of our clients have asked us what impact, if any, the legislative health care reform being considered would have on their future long term care costs. Most of the discussion about health reform has centered on issues like the “public option”… Read More
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Annual Nursing Home Cost Close To $80,000/Year

Price rollbacks throughout the U.S. economy during the past year did not apply to long-term care service providers, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nu… Read More
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BOOK REVIEW - Can We Talk?

Although talking to your parents about money can be difficult, not discussing finances now could mean more problems and conflicts later. Can We Talk? is a practical guide to working with your parents to make financial plans and preserve legacies whil… Read More
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Medicaid to Stop Payment for Certain Services

Due to budget cuts, Michigan’s Medicaid program has begun limiting coverage for certain medical expenses for all adult beneficiaries age 21 or older, which includes, obviously, seniors receiving nursing home Medicaid coverage. Effective July1, 2009… Read More
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Avoiding the Medicare Part D Doughnut Hole

If a senior has Medicare Part D, they may be at risk of falling into the coverage gap, or the so-called “doughnut hole.” While in the “doughnut hole a senior pays 100% for their drug costs, up to an additional $3,454 for 2009, after which catas… Read More
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Medicaid Planning With A Solely For The Benefit Of Trust

If someone is in need of nursing home level care, and if they don’t have long term care insurance, their assets will be consumed by such care costs at an rate of about $6,300.00 a month, until their assets are almost entirely consumed. However, the… Read More
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New Five-Star Rating System for Nursing Homes

The Centers for Medicare & Medicaid Services (CMS) has unveiled a one- to five-star rating system for nursing homes to help consumers evaluate a nursing home’s quality when selecting a facility. The ratings appear on the agency’s Nursing Home… Read More
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