24 07, 2023

Medicaid Asset Protection Trusts (MAPT) in Long-Term Care Planning

2023-07-24T08:13:56-04:00July 24th, 2023|

Medicaid Asset Protection Trusts (MAPTs), also known as Medicaid Planning Trusts or Home Protection Trusts, offer a crucial planning strategy for individuals seeking Medicaid coverage but having excess assets. These specialized trusts provide a means for Medicaid applicants to protect [...]

22 07, 2023

Transferring Parent’s Home Under Medicaid Caregiver Child Exemption

2023-07-24T08:19:27-04:00July 22nd, 2023|

When it comes to caring for elderly parents and securing their long-term care, the caregiver child exemption, also known as the caretaker child exemption, is a valuable option for families. This provision enables seniors to transfer their primary home to [...]

2 03, 2023

Deducting Long-Term Care Insurance Premiums in 2023

2023-03-02T16:40:32-05:00March 2nd, 2023|

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your [...]

12 01, 2023

Older Adults Lack Information in Search for Long-Term Care

2023-01-12T16:43:17-05:00January 12th, 2023|

According to a recent national study, nearly a quarter of Americans aged 50 and older say they – or a loved one – needed long-term care in 2022. The findings further suggest that seniors and their caregivers could benefit from more consumer-friendly [...]

22 01, 2021

What is Long-Term Care and Who Provides It?

2023-11-27T02:57:25-05:00January 22nd, 2021|

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting [...]

21 12, 2020

Who Should Purchase Long-Term Care Insurance?

2023-11-27T02:58:11-05:00December 21st, 2020|

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or [...]

20 08, 2019

What a Good Long-Term Care Insurance Policy Should Include

2023-11-27T02:58:40-05:00August 20th, 2019|

Nursing home and long-term care costs continue to rise and it is difficult to qualify for Medicaid to pay for nursing home costs. Long-term care insurance can help cover expenses, but long term care insurance contracts are notoriously confusing. How do [...]

28 05, 2019

What’s a Health Care Proxy and Why Do I Need One?

2019-05-18T18:32:12-04:00May 28th, 2019|

If you become incapacitated, who will make your medical decisions? A health care proxy allows you to appoint someone else to act as your agent for medical decisions. It will ensure that your medical treatment instructions are carried out, and it [...]