Most clients believe that, in order to qualify for Medi-Cal, they must transfer their property to someone else, before they can apply for benefits. In reality, though, transferring certain assets at any time within five years of submitting your application may result in a delay in receiving benefits. However, with proper planning, you can retain control of your assets and still qualify for Medi-Cal benefits. One option is to use an annuity. You should first discuss this option with an … [Read more...] about Sacramento Medi-Cal Planning Attorneys Explain how to Use Annuities
Medi-Cal
Medi-Cal Eligibility and Other Important Information
There is a common misconception that, if you are relatively healthy right now, you don’t need to consider future long-term care. While you may not have health issues right now, you cannot predict how healthy you will be 30 or 40 years from now. The reality is, an unexpected injury could leave you with health issues that ultimately require long-term care as well. More than two-thirds of all residents over the age of 65 need long-term care at some point in their lives. Therefore, it would be a … [Read more...] about Medi-Cal Eligibility and Other Important Information
Sacramento Medi-Cal attorney Explains Medi-Cal Fraud
Medi-Cal fraud and abuse has become an unfortunate reality for many. Fraud and abuse of this important government benefits costs the country billions of dollars each year, as a result of diverted funds that should have been used for valid medical services. Due to this abuse, the cost of Medi-Cal has continuously increased for many. Fraud and abuse also leads to an unnecessary risk of harm to patients when they are being unnecessarily subjected to medical procedures for the benefit of … [Read more...] about Sacramento Medi-Cal attorney Explains Medi-Cal Fraud
Medi-Cal Myths Pt. III – More on The Guv’mint’s Gonna Take My Home
Editor’s note: This is the third installment of an occasional series about common misconceptions by consumers about the Medi-Cal Long Term Care program which provides financial assistance in paying for care in a skilled nursing facility. As many of our clients already know, we regularly assist families who are facing care issues for a family member who may need long term care including advice and assistance in obtaining benefits available under certain Veterans and Medi-Cal programs. In … [Read more...] about Medi-Cal Myths Pt. III – More on The Guv’mint’s Gonna Take My Home
Asset Protection Planning: Should You Be Worried?
Common goals of many folks is to build up their estate assets so that they can live comfortably during the Golden Years and – hopefully — have a nest egg left to pass down to their children, grandchildren, and/or other loved ones. These goals could be threatened, however, if the hard earned assets are put at risk – and they could be at risk without you even realizing it. The best way to protect your assets, your future, and your loved ones is to include asset protection planning as a component … [Read more...] about Asset Protection Planning: Should You Be Worried?
You Don’t Have to Be Sick to Need Medi-Cal Planning
Simply because you are healthy right now doesn't mean you may not need long-term care when you get older. This is a common misconception shared by many. The truth is, you don't have to be sick to need Medi-Cal planning. You may not have health issues at the moment, but who can predict how healthy they will be in 40 years? An unexpected injury could also leave you with health issues that require long-term care as well. In fact, more than two-thirds of all individuals over the age of 65 need … [Read more...] about You Don’t Have to Be Sick to Need Medi-Cal Planning
Is there a California Inheritance Tax?
Receiving an inheritance may be exciting for some, but stressful for others. There are many questions that arise when individuals get word that they are about to inherit from a loved one. The most common question is: will I have to pay an inheritance tax? Luckily, if you live in California, there is no California inheritance tax, but that is not true in every state. Here is what you need to know: What is inheritance tax? An inheritance tax, as the name implies, is a tax imposed by the … [Read more...] about Is there a California Inheritance Tax?
Medi-Cal Myths Part II – The Guv’mint’s Gonna Take My Home
By Timothy P. Murphy © 2016 All Rights Reserved MEDI-CAL MYTHS: PART 2: The Guv’mint’s Gonna Take My Home Editor’s note: This is the second installment of an occasional series about common misconceptions by consumers about the Medi-Cal Long Term Care program which provides financial assistance in paying for care in a skilled nursing facility. As many of our clients already know, we regularly assist families who are facing care issues for a family member who may need long term care … [Read more...] about Medi-Cal Myths Part II – The Guv’mint’s Gonna Take My Home
Medi-Cal and Nursing Home Care
Long-term care facilities, such as nursing homes and assisted living facility, are typically quite expensive for families. Unfortunately, most private health insurance policies do not cover services at nursing homes. To make matters worse, Medicare coverage for nursing home care is very restricted. Most people do not have insurance policies that include coverage for private long-term care. The most common financial resources for California residents in need of long-term or nursing home care is … [Read more...] about Medi-Cal and Nursing Home Care
Medi-Cal Myths Part 1
By Timothy P. Murphy © 2016 All Rights Reserved MEDI-CAL MYTHS: PART I: YOU GOTTA BE BROKE! Editor’s note: This is the first installment of an occasional series about common misconceptions by consumers about the Medi-Cal Long Term Care program which provides financial assistance in paying for care in a skilled nursing facility. As many of our clients already know, we regularly assist families who are facing care issues for a family member who may need long term care including advice and … [Read more...] about Medi-Cal Myths Part 1
