Category: Elder Law
Too many seniors fall victim to long-term care insurance fraud
As you or a loved one ages, your financial concerns undergo age-related changes. You might have worried about asset building in your younger years, but now you focus more on health care. Many people invest in long-term care insurance (LTC) to feel more secure in their golden years. Unfortunately, there is a growing risk of…
Understand Medicaid’s five-year look-back period
Medicaid was created to assist low-income senior citizens with their ever-increasing medical costs. Because Medicaid is a program for people with low income, the financial records and assets of the applicant must be examined before a senior can qualify for the program. This is what’s known as Medicaid’s five-year look-back period. Seniors may find themselves…
Has your elderly relative been financially abused?
Abuse comes in many forms, and it is often physical. However, abuse can also come in the form of financial harm, which has a negative emotional impact too. Elderly individuals may have been running their own bank accounts for decades, but there will eventually come the point where they find this too much. On such…
How far ahead do you need to plan for Medicaid?
Getting Medicaid benefits can be a challenge. Texas has strict income limitations and even rules about the value of someone’s assets, excluding their primary residence. Someone who needs Medicaid is subject to careful scrutiny of their previous financial transactions. As such, planning far ahead of time is the best approach for adults who may eventually…
Protect your assets against Medicaid spend-down requirements
If you are getting older, you should know that one of the benefits you may need to qualify for in the future is Medicaid. Medicaid is a state and federal program that provides health coverage to eligible individuals in Texas and across the country. The goal of Medicaid is to help people who need free…