Richmond kentucky lawyer Madison county ky lawyer elder law lawyer elder Law Guidance richmond ky lawyer free legal consultation elder law legal advice Medicare Medicaid Planning VA Compensation Pension Guardianship Estate Planning Probate Will and Testaments

8 Biggest Mistakes in Medicaid Spend Down

Federal law allows Medicaid applicants numerous ways to protect assets. However, few people know about these optons, and advice abounds to simply “spend down all” of the applicants assets in order to qualify for Medicaid Long-Term Care assistance. Following the wrong advice can cost you thousands, if not hundreds of thousands of dollars, that you could otherwise…

Richmond kentucky lawyer Madison county ky lawyer elder law lawyer elder Law Guidance richmond ky lawyer free legal consultation elder law legal advice Medicare Medicaid Planning VA Compensation Pension Guardianship Estate Planning Probate Will and Testaments

How are Medicare and Medicaid Different Regarding Long-Term Care?

Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare. (Medicare also covers people of any age who are permanently disabled or who have end-stage…