As people get older, their future care needs become increasingly important to think about. How will they pay for care if they suffer a serious illness or injury? What will their quality of life look like if they live in a nursing home or assisted living facility?These...
Medicaid Planning
Medicaid planning can help protect home ownership
People in Colorado, and the United States generally, are living longer and healthier lives. The longer a person lives the more likely it becomes that he or she will require some form of long-term care. Medicaid is a principal provider of coverage for long term care...
Could a Medicaid spend down help pay for assisted living?
Many people may think of nursing homes when they hear about an assisted living facility, but the two are not quite the same. Assisted living facilities are usually not equipped with the same level of medical care that is available in a nursing home, and instead focus...
Early planning may help prevent Medicaid estate recovery
As you create your estate plan, you will likely start planning for the high cost of nursing home care. Should you need to go to a nursing home, you want to qualify for Medicaid's asset and income requirements. Fortunately, your house is usually exempt from Medicaid's...
A progressive disease diagnosis may jumpstart future planning
Some people may have led relatively healthy lives and still find themselves facing serious medical diagnoses. For some Colorado residents, the diagnosis could involve a progressive disease like ALS or another motor neuron disease that could severely impact their...
Can someone receive home health care through Medicaid?
One of the most important things to consider as a loved one ages is health care. There are a number of possibilities, depending in part on where someone lives and their preferences. But increasingly, older Americans are looking to remain in their home.A Pew Research...
Options to consider in Medicaid planning
Long-term care is expensive. Yet, so many Colorado families find themselves caught between needing long-term care services and not knowing how they can afford them. Assistance is available, although without prior Medicaid planning, it may seem out of reach.In many...
Medicaid can pay you as a family caregiver
When your aging parent has reached a point of needing routine care, the number of options can overwhelm you. Between assisted living facilities and nursing homes, it is easy to feel conflicted over the right decision for your parents. The good news is that Medicaid...
How to afford a nursing home without going broke
Most people set aside a significant amount of savings during their lifetimes. This type of financial planning is both wise and widely recommended. However, it may also be a source of frustration when this planning seems to fall short. It would be completely natural to...
Medicaid planning is an important part of estate planning
The will has been drafted, trusts have been created and the estate plan is in place. Once each of these items is taken care of, the Colorado resident may believe that he or she has adequately protected his or her family and estate. Yet, if Medicaid planning has not...
