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
The Good, the Bad and the Ugly of Observation Status: THE GOOD: If you are a Medicare beneficiary you are entitled up to 100 days of rehabilitation benefits at a rehabilitation facility after a 3 day qualifying inpatient hospital stay. THE BAD: Patients who are classified as “Observation Status” though staying for numerous days, receiving… 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
(prepared for informational purposes only and not intended as a substitute for legal advice) Note: The information provided below is based upon current laws and regulations, both state and federal. Because Medicaid laws and regulations are subject to change, it should be understood that any planning entails risks that cannot always be anticipated. What does “long… Continue Reading
Please Note: Most ALFs are private businesses with whom residents sign a contract. Private companies are not subject to the stricter rules for nursing homes who participate in Medicaid or Medicare funding streams. The protections listed below and found in Section 429.28 , Florida Statutes, are provided by the state of Florida: (1) No resident… Continue Reading
FLORIDA NURSING HOME BILL OF RESIDENT’S RIGHTS (Edited version – see Sec. 400.022, Fla. Stat. for entire text) All licensees of nursing home facilities shall adopt and make public a statement of the rights and responsibilities of the residents of such facilities and shall treat such residents in accordance with the provisions of that statement…. Continue Reading
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the future, but we can help you plan for it.