Understanding the Medicaid eligibility requirements in Connecticut is vitally important in order to make certain that you can get Medicaid to cover you when you need care. Medicaid is one of the most important programs that exists, not just because it provides medical services to people with low incomes, but also because it is the [ ] The post Income Rules and Medicaid Eligibility Requirements appeared first on Nirenstein, Horowitz & Associates P.C..
Connecticut Medicaid eligibility is determined by many different factors. One of those factors, which often creates problems for seniors, is the amount of assets you have. Medicaid is supposed to provide medical care for the needy. In assessing whether or not someone is needy, the government does not just look at income- they also look [ ] The post Do Your Assets Affect Connecticut Medicaid Eligibility? appeared first on Nirenstein, Horowitz & Associates P.C..
Estate planning is a personalized endeavor, and it should be viewed as such. The idea that you can simply slice up a pie through the terms of a last will is a shortsighted perspective. There are many different tools in the estate planning toolkit, and you should make the appropriate choices so that everyone that you love is being provided for in the best possible manner. Medicaid and Supplemental Security Income This dynamic is very apparent when it comes to providing for a family member with special needs. Clearly, people with disabilities are going to require care and treatment that can cost a great deal of money. For example, someone with autism will typically accumulate lifetime medical bills that reach the seven figures. When you are looking at health care expenses of this magnitude, health insurance is a very big deal. Most of us get health insurance through our jobs, but people with disabilities are not going to be able to work in many instances. Under these circumstances, Medi
If it is done correctly, estate planning will involve careful consideration of the life situation of each inheritor. You should take a personalized approach and make sure that you are providing for each person that you love in the ideal manner. This is especially important if you have someone with a disability on your inheritance list. People with disabilities are clearly going to require health insurance. Most people get health insurance through their jobs, but a significant percentage of people with disabilities cannot work. For these people, Medicaid is a lifesaver. This is a government health insurance program that is available to people who can prove that they have a significant level of financial need. Once you obtain eligibility for Medicaid, your status is not necessarily permanent. If someone who is enrolled in the Medicaid program was to come into some money via an inheritance, eligibility could be forfeited. To address this type of situation, you could create a special need