Ronald Fatoullah & Associates - Elder Law

Posts tagged "Medicaid Planning"

Maintain Medicaid eligibility with proper planning

As a person ages, they are likely going to accumulate assets. This is usually a good thing; however, if the person is going to need Medicaid to help pay for some of their expenses, it might not be such a good thing. Some individuals don't understand that they can't just give things away right before they need Medicaid. New York has a look-back period for Medicaid that spans five years.

Medicaid planning: Beware of the look-back period before applying

As a person ages, their medical care needs might increase. This comes at a time when their income might be decreasing. By the time they are retired, they might need considerable care, but they might not have the money to cover that care.

Smart, Caring Strategy For Seniors: Call 516-466-4422.

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