by Michael Baker | Apr 8, 2020 | Medicaid / MassHealth
Determining Medicaid eligibility for long-term care comes with a significant income and asset cap. This can be difficult for those whose assets are too valuable yet they cannot afford expensive nursing home care on their own. Before you sell your house to pay the...
by Michael Baker | Apr 1, 2020 | Asset Protection, Elder Care, Long-Term Care, Medicaid / MassHealth
Rules for MassHealth nursing home eligibility are designed to help cover the costs of long-term care. The rules are notorious for being complicated, which can lead to misunderstandings about whether you qualify and for how much coverage. Countable Assets There is a...
by Michael Baker | Mar 16, 2020 | Medicaid / MassHealth
If you’re 65 or over and female, you have a 52% chance of needing a nursing home stay in your future, whether briefly or perhaps for the rest of your life. Men have a 33% chance. Depending on your physical condition and financial situation, you may be able to qualify...
by Michael Baker | Feb 24, 2020 | Elder Care, Medicaid / MassHealth
MassHealth is Massachusetts’ Medicaid offering, designed to help low-income residents get the medical care that they need. At some point in your life, you might find that you or a loved one needs the care of a full-time nursing facility. This can be a lengthy and...
by Michael Baker | Jan 6, 2020 | Asset Protection, Elder Care, Medicaid / MassHealth
The average cost of a nursing home ranges from $50,000 per year up to $92,000 per year (for a private room), which is simply out of reach for many older Americans. In Massachusetts the number can exceed $150,000 annually. That can deplete your resources quickly, and...