If you’re reading this blog post, you probably know a little something about Medicaid. That it’s a federal program but administered by the states. That it’s a hugely expensive and cumbersome system. Not for everyone, however! If you happen to be a Russian diplomat in New York, apparently you can milk the Medicaid system for… Read More »
Posts Categorized: Medicaid
It's Not Monopoly Money, It's Your Hard Earned Wealth
A recent article in Forbes highlights a study that half of all people lose all their wealth after just 6 months in a nursing home. I’m going to repeat that: Half of all residents in a nursing home lose ALL their wealth, including their home equity, after just 6 months in a nursing home. As… Read More »
Medicaid: The Middle Class Safety Net
As this article in today’s New York Times points out, Medicare is getting the bulk of the attention in this election campaign, while more attention needs to be focused on the problem of Medicaid. “Medicaid has long conjured up images of inner-city clinics jammed with poor families. Its far less-visible role is as the only… Read More »
The Five-Year Lookback– Frequently Asked Questions
One of the questions I am frequently asked in my elder law practice is “what is the five-year lookback?” Simply put, if you give away money or property during the five years before you apply for Medicaid, that transfer triggers a penalty period during which you are ineligible for Medicaid. How Does the Penalty Period… Read More »
Is the Doctor In? Not if You're on Medicaid
A major difficulty for people on Medicaid is the inability to find doctors and dentists willing to accept the plan. For those people who need primary care, the result is often hours and hours in clinics waiting to see a general practitioner and month-long waits for specialists. According to the New York Times, having… Read More »