News

Are Payments to Third Parties Subject to the Five-Year Look-Back Period When Applying for Medicaid?

Are payments to third parties subject to Medicaid’s five-year look-back rule? If I purchase item(s) for my child, but make the check out to a third party (i.e., check paid to retailer for appliances, to firm for landscaping services, to roofing company for new roof, etc.), are these also subject to the five-year rule, even if the check is not payable to my child?

The Role of Virtual Care in Senior Living Markets

For care providers and aging seniors in the information age, the future is now. While still with some challenges, adoption of virtual care as a standard in senior living and aging services has become a fully integrated and accepted practice to overcome obstacles in senior healthcare.

New Opportunities for Wartime Veterans

The Department of Veterans Affairs (VA) recently released new eligibility rules for the VA pension program. VA pension, a tax-free monthly cash benefit, is available to wartime Veterans who served at least 90 days of active duty service with 1 day during a declared period of war. Surviving spouses of wartime Veterans may also qualify for a monthly cash payment. Veterans or surviving spouses who need care on a regular basis are eligible for a higher payment (often referred to as “Aid and Attendance,” payments of which can be over $2,000 per month, depending on marital status and care needs.

What you need to know about continuing care retirement communities

Life plan communities, often referred to as continuing care retirement communities (CCRCs), are an increasingly popular choice of aging Americans. These communities offer the array of care options necessary as seniors move through the stages of aging that include independent or assisted living, memory care, and skilled nursing. Beyond health care CCRCs offer a wide range of services “such as housekeeping, dining options, transportation, fitness and wellness programs, recreational activities as well as social activities and outings for residents.” It is essentially “aging in place” except in a community environment. There are approximately 2,000 CCRCs in the country as compared to about 30,000 assisted living facilities primarily because the price of a CCRC is about $3,000 to $5,000 a month. If you can and are considering joining a CCRC, there are some parameters to consider very carefully.

ABLE Accounts for People with Disabilities

Congress passed the Achieving a Better Life Experience (ABLE) Act in 2014. This created tax advantaged accounts for people with disabilities. These accounts grow and are tax free. The money in the accounts can be used for qualifying expenses. Before the passing of the ABLE Act in 2014, if a person with disabilities had more than $2000 in their name, they would lose Medicaid coverage or Supplemental Security Income (SSI). ABLE accounts allow people with disabilities to have more than the $2000 in their name within the guidelines without losing these benefits.

Do We Have to Report My Father's House on a Medicaid Estate Recovery Form If He Transferred It to His Wife?

My father went into a nursing home in Pennsylvania in December 2005. He immediately applied for Medicaid and had to cash in all his assets. His spouse was allowed to keep all her assets, their home, and one vehicle. In January 2005, my father transferred their home into his spouse's name only. My father lived in a nursing home until his death in April 2018. His spouse is still living in the home. We got a Pennsylvania estate recovery program questionnaire asking my father's spouse to list all of his assets and properties. Does the home have to be reported if the spouse's name is the only name on the deed?

Financial Benefits for Veterans and their Survivors

If you are a veteran, or if you are caring for one, it is essential to understand the many veterans’ benefits programs available through the Department of Veterans Affairs (VA). Often, financial support is available to a veterans spouse or their survivors as well as the veteran themselves. Even if there has never been a claim made for veteran benefits before based on a veteran’s current age, physical condition, or low income they may now qualify for financial help.

Artificial intelligence and aging

Senior care is being re-envisioned with the advent of artificial intelligence. There is a need to provide an ever-increasing aging population with consistent and competent health aides. In the United States the healthcare industry employs over 4.5 million nursing aides and orderlies and home health aides and personal care aides, and yet it is not enough to address the future needs of the American elderly. New solutions are being developed for animatronic artificial intelligence and the more standard device driven artificial intelligence to meet the demand.