You may be doing research for yourself or a loved one on Medicaid Planning in Florida. You may have heard about a Personal Services Contract and would like to know more. A Personal Service Contract is an agreement that Florida Medicaid allows in order for a child to provide services of a personal nature to a parent in an nursing… Continue Reading
On May 26, 2015 the Centers for Medicare and Medicaid Services (CMS) proposed the following ways to modernize Medicaid Managed Care regulations: Support States’ efforts to encourage delivery system reform initiatives within managed care programs that aim to improve health care outcomes and beneficiary experience while controlling costs Strengthening the quality of care provided to… Continue Reading
Researching Medicaid can not only be intensive and time consuming, but also confusing! Florida Medicaid policies and procedures are ever changing, and Medicaid can be very complex, specifically when a Medicaid applicant has various types of assets. For this reason, potential Medicaid applicants often receive harmful information from unlicensed sources on how to transfer assets or income… Continue Reading
You’re researching Florida Medicaid and now you are inundated with terms for terms within terms, right? One of the most important facts you need to know when it comes to Medicaid policies, procedures, terms, and requirements, is that all are subject to change and can be intensive. In your research of Florida Medicaid, one term… Continue Reading
So you’ve taken the first step and started researching Medicaid and Medicaid planning in Florida. What is the Medically Needy Program? In some cases the program is referred to as the “Share of Cost” program. It’s a program offered by the Department of Children and Families (DCF) who also determine a Florida Medicaid applicant’s eligibility…. Continue Reading
So you’re researching Medicaid and Medicaid planning in Florida. Whatever your reasons may be, the process of applying for Medicaid can be stressful based on the uncertainty and the lack of knowledge, let alone the emotional aspect of going into or placing a loved one into a nursing facility. One of the most popularly searched terms you… Continue Reading
For many clients and families the primary asset is the home. “When I die will Medicaid take my home?” is a common concern for many of our clients. The short answer is probably not. However, like most questions the answer depends on the context of the question. If a person accepts public assistance through Medicaid… Continue Reading
One of the most heartbreaking parts of our practice is explaining to families that they received bad advice. We often come across situations where non-attorney medicaid planners have charged a family for services that should have been completed by a licensed Florida attorney. Sometimes things go through as planned, other times assets are sold when they… Continue Reading
Many are confused by these two similar sounding federal health benefit programs. While they may sound similar, they are very, very different. Knowing the differences and the basics of what each program covers, and who is eligible, could save you, or a family member, lots of money. First the Basics: Medicare is a federal insurance… Continue Reading
More often than not when reviewing a breakdown of a client’s current financial status during an initial long-term planning consultation, I find one or more annuities in either the asset or the income column. And, often the client isn’t sure what type of annuity they have or how the annuity might affect their ability to qualify for… Continue Reading
We cannot predict
the future, but we can help you plan for it.
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