By the time a person requires long-term care, it can be too late to do the kind of financial planning that maximizes savings. . Too often, people find themselves dealing with a crisis that exposes the gaps and oversights in their planning, making an already difficult...
Medicaid Planning
Will Medicaid pay for my parent’s nursing home?
It is not easy to see a parent's physical and mental health decline, whether it happens gradually or suddenly. Adult children can find it very troubling to think about a parent's medical needs and whether they can afford the care they deserve. Often, parties worry...
Medicaid planning myths you should not believe
According to Medicaid.gov, about 1.2 million Coloradoans are enrolled in the Medicaid program. This is roughly 22 percent of the state's population. And while many of us know someone who receives Medicaid, there remains a wide range of myths about the program. Those...
Preparing for a telehealth appointment
People of all ages depend on Medicaid to cover their medical expenses. And though this program has been in place for decades, it changes as the laws and available technology change. Often, these changes improve recipients’ experiences, but sometimes they create new...
Expecting Medicaid to cover long-term care? You must plan ahead
If you are healthy and collecting a steady income right now, it can be difficult to imagine your life any other way. However, it is crucial to think about what you will do if your situation changes.For instance, do you know what you will do if you require long-term...
Why should I have a Medicaid plan?
If you are healthy, it can be difficult to imagine a situation where you would require full-time care in a nursing home. However, this is one possibility you should not ignore when you are thinking about the care and services you may need as you get older.In fact,...
3 things to know about estate recovery in Colorado
Most nursing home residents in the U.S. have at least some of their medical costs covered by Medicaid. If you expect to be part of this group, or if you have a parent or spouse who is part of this group, you should be aware of estate recovery measures.Broadly, estate...
Changes could be coming to Medicaid eligibility process
Millions of Americans depend on Medicaid to help with their medical expenses and care needs. However, the application process is complicated and eligibility requirements are strict. Qualifying for and keeping these benefits can also be challenging.These could become...
Reasons you may be denied Medicaid coverage and what you can do
Health coverage through Medicaid is crucial for millions of Americans. Without it, people can lose or be denied access to dental services, prescription medication, preventative health care and emergency care.Therefore, it is important to understand what factors may...
How are you going to pay for a nursing home?
Planning for nursing home care can be more complicated than people realize, especially when it comes to utilizing funds from programs like Medicaid.As such, taking time now to plan for care in a nursing home can allow you make strategic decisions that make it easier...
