Medicaid Planning / Nursing Home Planning

A recent study on middle income boomers by Bankers Life and Casualty Company showed that while members of this age group generally have a financial plan in place for their final life expenses, they are largely unprepared for any future that may require nursing home...

Medical care is expensive, and this gets even truer as people get older, especially if they develop a serious illness or have to move into a nursing home. In these situations, even people who have set aside a significant amount of assets for retirement may have a hard...

New Jersey governor and ones from other states have thrown their support behind the governors of Ohio and Arkansas as they attempt to expand Medicaid against the will of conservative legislators in their states. By using a new market-centric approach, they hope to...

In a move that may change the number of people going about Medicaid planning, Governor Chris Christie recently decided to use available federal funds in order to expand Medicaid. That decision is expected to3 save the state $227 million a year by enrolling 104,000...

Roughly 318,000 adults in New Jersey could obtain health coverage if Governor Chris Christie agrees to expand the Medicaid program under the federal health care reform law. Of the 318,000 adults who would be able to join Medicaid, 177,000 are-according to New Jersey...

Troubling news is coming out of the aftermath of Hurricane Sandy and the Nor 'easterner that have recently hammered New Jersey and the Eastern seaboard. It appears that those in most need of assistance evacuating the storms and also most likely to suffer due to the...

We recently wrote about the importance of including nursing home planning within estate planning. For many people, this will include Medicaid planning.It is important to realize that Medicaid, because it is administered by states, can have a unique approach depending...

With the rising costs of nursing homes and long-term care, it is critical that everybody engaging in estate planning look at how they plan to fund their own care. The reality is that the average cost for care is around $73,000 per year and is on the increase. It...

In out last post, we began looking at the importance of funding for long-term care. For some people, this will entail purchasing long-term care insurance and setting aside funds years in advance. For many others, there will be no planning but only responding to the...