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What to Consider Before Choosing a Nursing Home

Today, as many as 1.3 million Americans live in nursing homes. Choosing a nursing home for a loved one can be difficult and there are many factors that need to be taken into consideration before making a decision. Although every elder’s needs are unique, there are common criteria that may serve as a guide when choosing the best nursing home for a loved one’s needs. These important factors include method of payment, location, quality, and specialized services. Continue reading “What to Consider Before Choosing a Nursing Home”

Compensation Available for Family Members Acting as Caregivers

In the United States, the elderly population who require the assistance of a caregiver will grow substantially by 2018. In the future, the number of elderly persons may even begin to exceed the number of available caregivers. There have been efforts made throughout the United States to retain a dwindling number of caregivers who have been leaving the field. For many individuals who cannot afford a caregiver, the responsibility may fall on a family member or friend that is close to the elder. This responsibility can have physical, emotional and financial effects on the individual caring for their loved one. Continue reading “Compensation Available for Family Members Acting as Caregivers”

Which Trust Helps Me Qualify for Medicaid?

Through conscious Medicaid planning, New York residents may be able to preserve some of their assets for their children or other heirs while still meeting Medicaid’s income requirements. One means of achieving this is through the establishment of a trust. By placing assets into certain types of trusts an individual can eliminate their countable assets for Medicaid eligibility purposes. However, only certain trusts may be useful in qualifying for Medicaid. Continue reading “Which Trust Helps Me Qualify for Medicaid?”

Common Long-Term Care Planning Misconceptions

Many people share common concerns as they reach retirement age: Will they have the ability to remain independent in their homes without intervention from others? Are they going to be able to maintain good health and receive adequate health care? Will they have enough money for everyday needs and not outlive their assets and income? Despite the fact that thousands of Americans are concerned with these aspects of aging, many have failed to develop adequate long-term care plans that specify which services they will need and how they will pay for them. Unfortunately, many Americans also share common misconceptions about long-term care planning that may be factors in why individuals fail to establish a properly executed long-term care plan prior to when they need the services. Continue reading “Common Long-Term Care Planning Misconceptions”

Medicare at a Glance

Medicare is a federal program, and as such the law in New York should be same the as in any other state. Medicaid is a federal state cooperative program, where each state can choose different benefits for its residents; as such, each state may have different benefit levels and requirements. Continue reading “Medicare at a Glance”

Chronic Medicaid vs. Community Medicaid

In New York, Community Medicaid helps cover the cost of home care and Chronic Medicaid pays for all or part of nursing home care. However, there are certain income and asset requirements that apply to these Medicaid programs because they are need based. Continue reading “Chronic Medicaid vs. Community Medicaid”

New York Implements New Home Health Aide Law

On December 2, 2016 Governor Cuomo signed a bill which will increase the level of care that the nearly 300,000 home health aides across the state will be able to provide. If a home health aide completes additional training, they will be able to administer medications and monitor equipment for people in need of professional care at home. With the need of home health aides continuing to grow, the possibility of further advancement may encourage more people to enter the profession. Continue reading “New York Implements New Home Health Aide Law”

How Can a Special Needs Trust Protect My Eligibility for Medicaid?

Supplemental or Special Needs Trusts (SNTs) are legal tools that individuals can utilize to protect their ability to receive New York Medicaid and Supplemental Security Income (SSI) benefits. Originally, SNTs were set up to allow parents of children with developmental disabilities to provide financial assistance for them as they grow up without negating their ability to receive public benefits. SNTs are structured in a way that they supplement the disabled individual’s public benefits, rather than replace them. Continue reading “How Can a Special Needs Trust Protect My Eligibility for Medicaid?”

What Do I Do if My New York Social Security Disability Application Was Denied?

There are a number of reasons why a Social Security Disability (SSD) application can be denied, including earning above the annual income threshold, the severity of the disability and the amount of time the individual will be disabled, refusal to operate or communicate with the Social Security Administration (SSA) or Disability Determination Services (DDS), failure to follow a doctor’s prescribed therapy if he or she is able to do so, conviction of a crime or fraud, among other circumstances. Continue reading “What Do I Do if My New York Social Security Disability Application Was Denied?”

Are Your Long-Term Care Expectations Realistic? Separating Fact from Fiction

Many Americans have taken the information provided by programs like Medicare as a catch-all to answer their financial questions, but are they right in assuming programs like these will take over the majority of their loved ones’ financial burden? Continue reading “Are Your Long-Term Care Expectations Realistic? Separating Fact from Fiction”