Articles Posted in Medicaid & Medicare

By Lara Schneider-Bomzer

Have you ever been on the phone with a friend living in another state and the topic of long term care health needs comes up? 

• Your friend in New York tells you that she has a neighbor who immediately received Medicaid home care benefits after transferring all her assets out of her name. She says that her neighbor created no penalty period of ineligibility by doing this.

• When you get off the phone, you think that you should speak with your daughter about transferring your assets since you could use some help paying for the home care that you need.  After all, Connecticut law must be the same as New York law, right? Continue reading

In a recent post we talked about the eligibility requirements for Medicaid and the various Medicaid planning strategies.

But how do you actually apply for Medicaid?

If your situation is simple – say you have one bank account, never been married, don’t own a home and you live on your Social Security check – it’s a matter of filling out the application and sending it to the Department of Social Services with some basic documentation.

That situation is rare, however.

Many of us have a much more complicated lifestyle and portfolio. And when this is the case, you have to be extremely careful when applying for Medicaid. Continue reading