Long Island Elder Law & Estate Planning

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Does Medicaid Pay for In-Home Care?

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Elder law attorneys assist clients who are concerned about long-term care costs. This is a serious matter, because most senior citizens will eventually need assistance with their day-to-day needs. Long-term care can be provided in nursing homes and assisted living communities, and there are also those who use in-home care providers. Medicare Won't Help Living assistance is very expensive across the United States, and the prices in New York are higher than the national averages as you might …

What Is a Medicaid Maintenance Allowance?

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To be fully prepared for the future, you should understand some things about the Medicaid program. Though the program is technically intended for people who have little to no financial resources, Medicaid coverage is very important for a significant percentage of seniors who were never poor. Medicaid is relevant because Medicare does not pay for custodial care. This is the type of care that you would receive in a nursing home or assisted living community. The lack of coverage is a very big …

Is Medicaid Strictly for the Poor?

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Medicaid is a health insurance program that is jointly administered by the federal government along with each respective state government. It is a program that is only available to people who can demonstrate significant financial need. When you think about Medicaid, you may immediately feel as though it is irrelevant to you. After all, you will qualify for Medicare when you reach the age of 65. These are both health insurance programs, so you wouldn't need Medicaid. On top of that, you have …

Will Medicare Cover All of My Medical Expenses?

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Medicare is a government health insurance program that is primarily intended for senior citizens, though people who have not attained senior status can sometimes become eligible under very limited circumstances. If you have worked for a significant amount of time during your life, you will qualify for Medicare at the age of 65, because part of your tax contributions go toward future coverage. The Medicare program will certainly help with your health care costs when you reach the age of …

Healthy Lifestyles and Medicaid Planning

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Long-term care is very expensive, and the majority of senior citizens will eventually need assistance with their activities of daily living. In fact, it is a significant majority. According to the United States Department of Health and Human Services, 70 percent of people who are reaching 65 will someday need help with their day-to-day needs. If you eventually reside in a nursing home or assisted living community, you are going to be facing some very significant expenses. In the greater New …

Do Elder Law Attorneys Practice in Other Areas?

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There are specific legal issues that can potentially impact senior citizens. Elder law attorneys focus on these matters. One very pressing legal issue that seniors should be aware of is the growing problem of elder financial abuse. Sadly, a very significant percentage of seniors are taken advantage of in one way or another. Back in 2011 MetLife released a survey, and they estimated annual losses in the vicinity of $3 billion. However, the actual losses may be greater, because many instances of …

What Is a Medicaid Waiver?

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You may not understand why Medicaid would be relevant to you if you are going to qualify for Medicare when you attain senior citizen status. It is true that both of these programs are government health insurance programs. If you have Medicare coverage, you would not need Medicaid at first. Plus, Medicaid is a need-based program. If you retire with some income and resources, you would not meet the eligibility requirements. In spite of the above, Medicaid does become relevant to a …

Is There a National Organization of Elder Law Attorneys?

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The field of estate planning is intimately intertwined with the elder law niche. You want to make sure that you facilitate effective postmortem asset transfers, but you should simultaneously prepare yourself for the eventualities of aging. Right now, the elder law field is very important, because the baby boomers are getting older. There are some 10,000 people applying for Social Security every day. An unprecedented number of people are attaining senior citizen status at the same time, so …

June Seminars to Cover Living Trusts and Medicaid Asset Protection

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Knowledge is power when you are planning your estate. When you have a thorough understanding of your options, you can make informed estate planning decisions. We make a concerted effort to disseminate sound information to our neighbors in and around Long Island. During the month of June we will be offering a series of seminars that will cover living trusts and Medicaid asset protection. These seminars are being offered free of charge, but we do ask that you register in advance so that we …

What Assets Can I Keep When My Spouse Applies for Medicaid?

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Long-term care is a very big factor to consider when you are planning ahead for your senior years. The United States Department of Health and Human Services has a website called LongTermCare.gov. There is a lot of good information on the site. When you visit the site, a particular statistic jumps out at you: approximately 80 percent of people who are turning 65 will eventually need living assistance. We are talking about a likelihood, not a remote possibility. If you have worked for any …