For anyone considering using Medi-Cal in Californi, to pay for the expenses associated with long-term care, there are several factors you need to consider. While an experienced and qualified elder law attorney can help you assess whether a Medi-Cal plan is right for your needs and guide you through the process of creating such a plan, here are some commonly asked questions about Medi-Cal planning. Question 1. How do I qualify for Medi-Cal? It can be very complicated, but it basically boils … [Read more...] about Commonly Asked Medi-Cal Planning Questions
Medi-Cal
Don’t Make These Medi-Cal Mistakes
A good Medi-Cal Long Term Care plan is one that can allow you or your spouse to use Medi-Cal to pay for the costs associated with nursing home care. While an experienced and qualified elder law attorney will be able to tell you what you need to do to create an effective plan, here are some common misconceptions about Medicaid that you shouldn’t buy into. I can’t use Medicaid because I’ve already begun paying privately. Even if you weren’t able to qualify for Medi-Cal when you first applied, … [Read more...] about Don’t Make These Medi-Cal Mistakes
Getting a Grip on Long Term Care Insurance
The cost of long-term care, such as paying for a nursing home, continues to rise every year. It isn’t uncommon for someone to have to pay $80,000 or more for a single year in a nursing home environment. Because of this, many people choose to incorporate long-term care insurance into their estate plan as a hedge against the potential costs involved with long-term care. However, long-term care insurance is not right for everybody, and there are issues you want to consider before deciding to obtain … [Read more...] about Getting a Grip on Long Term Care Insurance
Frequently Encountered Medi-Cal Myths
Whether you are developing a Medi-Cal plan, or are curious about how Medi-Cal applies to you, you may have come across a number of myths and popular misconceptions about the program. Medi-Cal is California’s version of Medicaid, and like Medicaid programs in other states, there are specific rules and laws that apply. While these laws are very complicated and hard to understand, you shouldn’t believe some of the more popular misperceptions about the program, and you should always talk to an … [Read more...] about Frequently Encountered Medi-Cal Myths
Elder Care Can Cost Children
Studies show that by 2050 the portion of the population aged 65 and over will be more than double the current level. This is primarily due to the aging baby boomer generation who is reaching retirement age at about 10,000 individuals per day. When it comes to taking care of the elderly families, more and more people are saying that eldercare will impact their daily lives. According to the AARP, about 42 percent of workers in the United States provided unpaid eldercare to a family member or … [Read more...] about Elder Care Can Cost Children
Medi-Cal Expansion May Prevent Deaths
Researchers at the Harvard University School of Public Health have recently released the results of a study which show that states that have expanded their Medicaid coverage provisions have a lower death rate than neighbor states which did not. The study used information from the Centers for Disease Control and Prevention to compare death rates in New York, Maine, and Arizona, as well as their neighboring states, in 2001 and 2002. During those years the three states expanded their Medicaid … [Read more...] about Medi-Cal Expansion May Prevent Deaths
Funeral Trusts Can Be a Useful and Flexible Planning Tool
Are you looking for a way to ensure that your wishes will be honored with regard to your funeral, making sure your family is not burdened with paying for your funeral, and sheltering money for Medi-Cal planning purposes? Consider creating a funeral trust which can accomplish all three goals, if drafted properly. A funeral trust is a specialized trust that is aimed at paying your final expenses. As with any trust, you must name a beneficiary. In this case, the funeral home that handles your … [Read more...] about Funeral Trusts Can Be a Useful and Flexible Planning Tool
