Medicaid Rules, as Explained by a Trusted Colleague

By Diane Weinberg

I’ve always been a little hesitant to write a general article about Medicaid planning with any detail. Medicaid laws and regulations are extremely nuanced and can impact other laws, including tax laws, VA disability pension law, and laws governing trusts and estate. My biggest fear has always been that someone would read the article, attempt to develop a plan based solely on the article without seeking advice from an elder law attorney, and then send me ugly letters or post unkind things about me on the internet because the self-prepared plan did not work out as expected.

With that in mind, one of my brave colleagues through the National Academy of Elder Law Attorneys (NAELA) recently gave an interview that is too good not to share. K Gabriel Heiser has worked as an elder law attorney in Massachusetts and Tennessee, he is an ACTEC member, and he served as an adjunct professor of the College of Financial Planning at David Lipscomb University. In his September 21, 2017 interview with ThinkAdvisor, he goes into some detail about how assets are treated under Medicaid and common concerns about transfers of assets and Medicaid qualification. I do want to caution you that Medicaid eligibility varies greatly from state to state, and some of the information he provides does not apply to Georgia Medicaid. This article, “How to Get Medicaid for Nursing Home Care Without Going Broke,” should be read for its general information.

I hope you enjoy the article and find that it helps you better understand the Medicaid rules. Please feel free to contact our office at 678-720-0750 if you want to learn more about how to plan for incapacity or if you think you or a family member can benefit from long-term care planning with a public benefit like Medicaid Home and Community-Based Services (i.e., Medicaid Waiver programs), Nursing Home Medicaid or VA disability pension.

2017-10-17T12:14:11+00:00 October 10th, 2017|Blog, Elder & Special Needs Planning, Elder Law|

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