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Category Archives: Medicaid Planning

What you need to know about long-term care

What You Should Know About Long-Term Care

By Andre O. McDonald |

Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer. It seems inevitable, then, that the future of long-term care will be undergoing significant changes.  The… Read More »

house by heavy chains against a dusky backdrop, metaphorically i

Could Medicaid Payback Rules Come to an End?

By Andre O. McDonald |

Amid recent reports from such prominent news outlets as The New York Times and Associated Press about the negative impact of Medicaid estate recovery on families, the idea of ending this practice altogether has resurfaced.  What Is Medicaid? Medicaid is a public assistance program that seeks to provide health insurance coverage for Americans with limited means. To be… Read More »

Understanding the 2024 Medicaid Spousal Impoverishment Standards

2024 Standard Protections for Spouses of Medicaid Applicants

By Andre O. McDonald |

Each fall, the Centers for Medicare & Medicaid Services (CMS) renews the federal guidelines that seek to protect individuals whose spouses are applying for or receiving Medicaid long-term care benefits. These protections, known as the Spousal Impoverishment Standards, help to support the financial well-being of seniors who continue residing at home while their spouse on… Read More »

Can a nursing home take your house?

Protecting Your House After You Move into a Nursing Home

By Andre O. McDonald |

When people start thinking about aging and the looming potential for needing long-term nursing care that comes along with it, one of the primary questions people have is: can a nursing home take your house? While you generally do not have to sell your home in order to qualify for Medicaid for nursing home… Read More »

Nursing Home Responsible Party: Am I financially liable for my loved one's care?

Can a Nursing Home Hold Friends or Family Members Responsible for a Resident’s Care?

By Andre O. McDonald |

If your loved one is entering a nursing facility, you may worry whether you could be liable for their care as the nursing home responsible party. Under federal law, a facility cannot require a family member or friend to co-sign an admission agreement and take on personal liability. However, nursing homes around the country… Read More »

The importance of strategic Medicaid planning

Strategic Medicaid Planning with an Elder Law Attorney

By Andre O. McDonald |

The United States Medicaid program provides health insurance to low-income individuals and families. However, because of the steep costs associated with long-term care, strategic Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending down assets to qualify for benefits. Individuals can plan to meet eligibility requirements… Read More »

What to know about a Medicaid-Compliant Annuity

Medicaid-Compliant Annuity (MCA) for Married Couples

By Andre O. McDonald |

An annuity is a financial product that pays a fixed amount of money every year, generally for the rest of the annuity owner’s life. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase a Medicaid-Compliant Annuity (MCA). When you buy a… Read More »

Qualifying for Medicaid: What you should know now to prepare for later

Qualifying for Medicaid: A Five Year Look-Back Without Penalties

By Andre O. McDonald |

Nearly everyone will need long-term care at some point in their lives, so planning is vital. While we cannot predict the timing or level of care, we can take steps to prepare for an unexpected medical and financial crisis to help reduce the stress on ourselves and our family members. The cost of care… Read More »

The importance of Medicaid Planning in protecting your home

Medicaid Planning Protects Your Home from Rising Health Care Costs and Capital Gains

By Andre O. McDonald |

Your most valuable property may be your home, which is true for many people. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and the potential need for expensive long-term care. You have heard that Medicaid can pay for that,… Read More »

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For help with estate planning, special needs planning or elder law throughout Howard, Montgomery, Prince George’s, Anne Arundel, and Baltimore County; and Baltimore City, contact McDonald Law Firm, LLC.

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