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Avoiding the medicaid trap how to beat the catastrophic costs of nursing-home care - Avoiding the Medicaid Trap: How to Beat the Catastrophic.


ISBN 10:  0805034269 ISBN 13:  9780805034264
Publisher: Henry Holt & Co, 1995
Hardcover

ISBN 10:  0805034269 ISBN 13:  9780805034264
Publisher: Henry Holt & Co, 1995
Hardcover

Despite the fact that the vast majority of Massachusetts seniors will face certain impoverishment should they require long-term care, MassHealth (Medicaid in Massachusetts) only accepts seniors who can meet extremely strict income and asset guidelines . Without MassHealth benefits, a senior is forced to pay privately for their care at a whopping $10,000 per month until they have depleted their resources.

However, seniors and their families that plan ahead for long-term care needs are able to avoid this outcome using an irrevocable trust. Seniors, their loved ones, and future generations can all benefit from this effective and inexpensive estate planning tool.

The purpose of an irrevocable trust is to protect the assets of older citizens should they need long term care, allow them to qualify for state assistance without jeopardizing their home, and allow them to pass on an inheritance to their heirs.

ISBN 10:  0805034269 ISBN 13:  9780805034264
Publisher: Henry Holt & Co, 1995
Hardcover

Despite the fact that the vast majority of Massachusetts seniors will face certain impoverishment should they require long-term care, MassHealth (Medicaid in Massachusetts) only accepts seniors who can meet extremely strict income and asset guidelines . Without MassHealth benefits, a senior is forced to pay privately for their care at a whopping $10,000 per month until they have depleted their resources.

However, seniors and their families that plan ahead for long-term care needs are able to avoid this outcome using an irrevocable trust. Seniors, their loved ones, and future generations can all benefit from this effective and inexpensive estate planning tool.

The purpose of an irrevocable trust is to protect the assets of older citizens should they need long term care, allow them to qualify for state assistance without jeopardizing their home, and allow them to pass on an inheritance to their heirs.

Raleigh, N.C. — Medicaid is one of the biggest and yet most poorly understood government programs. Unanticipated swings in Medicaid spending can soak up money lawmakers would rather use for other purposes, and problems with the program can mean low-income people do without quality health care. 

As lawmakers consider different ways of changing Medicaid, here are answers to some of the most common questions about the program. 

Keep reading or jump to a short session topic What is Medicaid? Who qualifies? How many are on Medicaid? What does Medicaid cover? How do you get benefits? How is Community Care of North Carolina involved? How much does Medicaid cost and how is it funded? What are Medicaid funding shortfalls? What are the other problems with Medicaid? What are the plans for Medicaid reform? How is Medicaid related to Obamacare? Who advocates for expansion and why? Who is against expansion? Why?




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