Prior to October 1, 2020, a person in need of Community Medicaid (meaning Medicaid that covers home care and all medical expenses for a person not living permanently in a nursing home) can become Medicaid eligible by transferring assets or establishing various trusts. A critical change in New York law is taking place effective October 1,2020 – from that date forward, Medicaid will “look back” at all transfers/gifts made within 30 months of a Medicaid application.   Continue reading “CRITICAL CHANGES TO MEDICAID ELIGIBILITY FOR INDIVIDUALS OVER AGE 65, DISABLED OR BLIND”

2020 Medicaid Eligibility Update

Medicaid Planning – Will You Be Able To Afford Healthcare When You Retire?

While vast numbers of middle class American retirees continue to legally qualify for Medicaid, most of us tend to think (incorrectly!) that if we are homeowners or make a decent living, we will not be eligible for Medicaid upon retirement.  This article serves to dispel that myth and provide a basic understanding of the legal framework surrounding Medicaid Planning. Continue reading “2020 Medicaid Planning Update”