Medicaid

Planning A Must Have you priced nursing homes lately?  In Texas, you are looking at an average annual cost of $50,000.  And we are on the low end; nationally, the average annual cost is closer to $75,000.  New Jersey costs a whopping $109,500 annually.   Who the heck can afford that?    Hello Medicaid.     Medicaid provides several programs that are funded through a state-federal agreement.  One of the programs provides long-term nursing home care benefits...

Paying For Long Term Care Through Medicaid and VA Pensions There are two primary public benefits programs that can help pay for nursing home or long-term care:  VA Pension and Medicaid (there is another VA program for veterans with a service-connected disability).  Both programs have strict requirements for qualification and they are, to put it mildly, complicated. What is a VA Pension and How Is A Veteran Eligible? VA Pension is a federal...

Many families are blessed with a child (or adult) who happens to have a disability. There is obviously some concern regarding that loved one’s care and standard of living once a parent or other caregiver is no longer able to provide for them. SSI and Medicaid Supplemental Security Income (SSI) and Medicaid can help, but they are limited and require the disabled person to have very depressed levels of assets and...