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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "Medicaid Asset limits"
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 Is Property in an S Corp or LLC Counted for Medicaid Eligibility?
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By Harry Margolis
In Long-Term Care Planning
Posted December 27, 2021

Is Property in an S Corp or LLC Counted for Medicaid Eligibility?

Question: In Virginia is property owned in an S corporation and or LLC counted as an asset when applying for Medicaid? Response: While I don’t know about Virginia in particular, I [...]

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0
By Harry Margolis
In Long-Term Care Planning
Posted April 3, 2020

Are Really Small Life Insurance Policies Non-countable for Medicaid Eligibility?

Question: I’m taking a long-term care insurance course. In it there is a discussion of Medicaid asset limits and a list of non-countable assets. It’s reporting that cash value life [...]

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 What Happens to Home Sale Proceeds If One Spouse Goes to Nursing Home?
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By Harry Margolis
In Long-Term Care Planning
Posted February 8, 2020

What Happens to Home Sale Proceeds If One Spouse Goes to Nursing Home?

Question: If, as seniors, we sell a jointly-owned primary residence and we split the proceeds, will the assets be protected if one of us ends up in a Medicaid nursing home? Response: I’m [...]

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 Handling a Whole Life Insurance Policy When Applying for Medicaid
2
By Harry Margolis
In Long-Term Care Planning
Posted December 13, 2019

Handling a Whole Life Insurance Policy When Applying for Medicaid

Question: Can a whole life insurance policy owned by a current recipient of Medicaid benefits be transferred or borrowed against in order to avoid becoming ineligible for benefits? Response: It [...]

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 Asset Limits for Medicaid Coverage of Nursing Home Care
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By Harry Margolis
In Long-Term Care Planning
Posted April 21, 2017

Asset Limits for Medicaid Coverage of Nursing Home Care

While two-thirds of nursing home residents are covered by Medicaid, at root it is a health care program for the poor. The definition of “poor” has become quite complex in the area of nursing home [...]

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