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SUPPLEMENTING MOM'S STAY AT AN ASSISTED LIVING RESIDENCE The period of time during which people are receiving long-term care is truly becoming long. As the continuum of care extends to include adult communities, home health aides, assisted living residences,...
SURE I LIKE COMPANY, BUT I LIKE BEING ALONE BETTER Medicaid is a government program that will help pay the cost of long-term care. Assisted living residences ("ALR") are part of the long-term care continuum, and Medicaid will help pay the cost of an ALR. I say that...
ASSISTED LIVING RESIDENCE WAITING LIST The flaw inherent in New Jersey's Medicaid program that will help pay for an assisted living residence has become apparent. Although New Jersey does have a Medicaid program that will help an eligible individual pay for the cost...
ARE ANNUITIES A VIABLE PLANNING OPTION FOR MEDICAID? In the past, a common Medicaid planning technique for a married couple seeking Medicaid assistance for one spouse's long-term care needs was to purchase an annuity in the name of the spouse who did not require...
ANNUITIES: SELLING A STREAM OF PAYMENTS Annuities can play a strategic role in Medicaid planning when structured correctly. In elder law, certain annuities are used to convert countable assets into an income stream, helping individuals meet Medicaid eligibility...
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