Keeping your Income when your Spouse is on Medicaid
Although Medicaid limits the assets that the spouse of a Medicaid applicant can retain, the income of the “community spouse” is not counted in determining the Medicaid applicant’s eligibility. Only income in the applicant’s name is counted. Thus, even if the community spouse is still working and earning, say, $5,000...
Keeping your Income when your Spouse is on Medicaid Continue reading…
Proposed New Law Tightens Eligibilty Requirements for Aid and Attendance Pension
Historically, the Veterans Administration (VA) Pension benefit known as “Aid and Attendance” has been a well kept secret . However, for those who have served in the military (or whose deceased spouse served in the military) during a time of war and meet certain other financial and need criteria, it can provide substantial financial...
Proposed New Law Tightens Eligibilty Requirements for Aid and Attendance Pension Continue reading…
What Happens to your Home if you Need Nursing Home Care?
The basic rule for Medicaid Eligibility in the state of Maryland is that (except for married couples sharing a room and applying for medical assistance within 6 months of entry) , an applicant may have no more than $2,500 in countable assets in his or her own name. But,...
What Happens to your Home if you Need Nursing Home Care? Continue reading…
Planning For the Terminally Ill
Should a person who is terminally ill be able to control how and when they die? This issue has received national attention recently due to the well publicized cases of Brittany Maynard, a 29 year old woman diagnosed with a terminal brain tumor who moved to Oregon (one of...
Planning For the Terminally Ill Continue reading…
Blended Families | Clifford M. Cohen
Now that the estate tax exemption has been stabilized at $5,000,000 and a husband and wife can actually give up to $10,000,000 at death (plus an indexed amount tied to inflation), to their loved ones, tax free, many people believe that estate planning is no longer necessary. This of...
Blended Families | Clifford M. Cohen Continue reading…
Long-Term Care Insurance | Clifford M. Cohen
According to the U.S. Census Bureau, almost 10% of the population in 2011 was 65 years of age or older. Make no mistake, our population is aging and our life expectancy is growing well beyond what any of us could have imagined. Consequently, paying for one’s long-term...
Long-Term Care Insurance | Clifford M. Cohen Continue reading…