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Graham-Cassidy Proposal Puts Medicaid Coverage at Risk

Senate Republicans continue to push for legislation to repeal and replace the Affordable Care Act. The Graham-Cassidy bill is sponsored by Senator Lindsey Graham, from South Carolina and Senator Bill Cassidy, from Louisiana. Although the bill is still lacking 50 votes needed, it is important to understand the effects it may have on health care. Continue reading “Graham-Cassidy Proposal Puts Medicaid Coverage at Risk”

Social Security Disability Insurance vs. Supplemental Security Income

Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are both supplemental income programs that are used to help the disabled, elderly, and blind. The main difference between SSDI and SSI is that SSI is a means-based program, whereas SSDI is an entitlement program. SSDI is only available to people who have worked long enough to accumulate work credits. SSI is available to people who have not earned enough work credits and can show that they financially need the support. Both SSI and SSDI are administered by the Social Security Administration, but they have entirely different financial requirements. Continue reading “Social Security Disability Insurance vs. Supplemental Security Income”

A Pooled Income Trust May Be The Best Option For Those With Excess Income

For an individual to be eligible for Medicaid services at home, he or she must be over 65 and disabled. In addition, the applicant must meet certain income and asset criteria in order to qualify, because Medicaid eligibility requires a means based test. As of 2017, an applicant is allowed to have $845.00 in income. It is possible that Medicaid may take any income in excess of this amount. For many individuals, turning over these excess funds to Medicaid is not a viable option because it would leave them without the means to pay certain expenses. Continue reading “A Pooled Income Trust May Be The Best Option For Those With Excess Income”

Community Medicaid and Chronic Medicaid

To qualify for Community Medicaid an applicant may have no more than $14,850.00 in assets. Community Medicaid provides coverage for at home care. It does not have a look back period and allows an individual to be eligible for benefits within one month. In addition, the $14,850 does not include qualifying retirement accounts, where the individual is taking monthly required distributions. Continue reading “Community Medicaid and Chronic Medicaid”

Medicaid Financials At A Glimpse

New York Medicaid eligibility

Medicaid is a program that entitles individuals who meet certain income and asset criteria to benefits for Chronic Medicaid or Community Medicaid. Chronic Medicaid is care that is provided in a skilled nursing facility, whereas Community Medicaid is care that is provided in an individual’s home by a home health aide. In 2017, Medicaid applicants may have up to $14,850.00 in resources to qualify for Chronic Medicaid. A Medicaid applicant may also have retirement accounts, such as IRAs, as long as the applicant is taking the minimum monthly distributions. In addition, a pre-paid burial account is an exempt asset. Continue reading “Medicaid Financials At A Glimpse”

New York Medicaid Personal Care Services

NY Medicaid personal care servicesMedicaid is a federal and state funded program that provides health coverage to those, including the elderly and disabled, who meet certain income and resource eligibility requirements. Personal care services (PCS), or home attendant services, are provided by a personal care aide to individuals who require nutritional and environmental support as well as assistance with personal care functions. Through New York Medicaid, eligible individuals can receive PCS to maintain their health and safety in their own homes. Continue reading “New York Medicaid Personal Care Services”

Finding A Care Facility That Is Right For Your Loved One

Finding a long term care facilityDeciding on the right type of long-term care for a family member or loved one may be overwhelming. There is a lot to consider throughout the process and in deciding which is the best level of care necessary for that particular individual. The following are different types of care available that may suit an individual’s needs: Continue reading “Finding A Care Facility That Is Right For Your Loved One”

Veteran Benefits

Veteran Benefits for CaregiversThrough the United States Department of Veterans Affairs, veterans are entitled to a wide range of benefits even if they are not yet retired from the military or have suffered injuries in the line of duty. The improved pension benefit, otherwise known as the Aid and Attendance Pension, through the Department of Veteran’s Affairs (VA) is one of those benefits that is often not taken advantage of. Continue reading “Veteran Benefits”

Caregivers of Seniors with Alzheimer’s Disease Benefit from Case Managers

case manager support for caregiversToday, millions of Americans and their loved ones are impacted by Alzheimer’s disease. As more people reach retirement age, the death rate of Alzheimer’s has increased significantly and more individuals affected by the disease are passing away in their homes. At home, seniors with Alzheimer’s disease are dependent on caregivers, who are often family members and loved ones. Continue reading “Caregivers of Seniors with Alzheimer’s Disease Benefit from Case Managers”

Protect Yourself With Long Term Care Insurance

With changing healthcare and increased longevity, it is important to acquire long term care insurance, because both State and Federal budgets are threatening certain Medicaid benefits. An adequate estate plan should include measures to protect against devastating healthcare costs. One solution is long term care insurance. Continue reading “Protect Yourself With Long Term Care Insurance”