by mbaker | May 8, 2019 | Elder Care, Medicaid / MassHealth
As you may know, any gifts or assets you transfer within 60 months of applying for Medicaid benefits are subject to penalties. This 60-month or 5 year timeframe is what’s called the “look back” period. These penalties are not calculated in a dollar figure, but rather...
by mbaker | May 1, 2019 | Financial Management, Retirement Planning
As the saying goes, the best time to start saving for your retirement is in your early 20s, but the second-best time is right now. If you’re looking to begin saving for your retirement, starting an IRA is a solid way to begin your planning. However, the prospect of...
by mbaker | Apr 25, 2019 | Elder Care, Medicaid / MassHealth
Medicaid is a federal healthcare program that offers free or low-cost healthcare to qualifying adults and children with low incomes. The program is federally and state-funded, and each state has control over its own Medicaid program — for example MassHealth in...
by mbaker | Jan 10, 2019 | Asset Protection, Elder Care, Financial Management
Financial scams targeting senior citizens have become unfortunately common, because they target a vulnerable population that tends to have more money in their bank accounts. These scams often go unreported and can be very difficult to prosecute, which makes them...
by mbaker | Jan 2, 2019 | Elder Care, Long-Term Care
Every year, Genworth conducts a Cost of Care survey that pinpoints the median cost of private nursing home rooms in the United States. This year’s survey results were released at the end of October, and indicated a three percent increase in the median cost of a...