Earlier today we released the September 2019 newsletter from R.F. Meyer & Associates.
This edition contains three informative articles about Medicaid rules on the coverage of long-term care in nursing homes, and a fourth about important estate planning instruments: Advance Directives, such as a Durable Power of Attorney or DNR Order.
The bevy of Medicaid articles reflect today’s whipsaw of regulation changes that affect how nursing home care is paid for, for the vast majority of Americans.
On the plus side of the ledger, if a child can show they have kept their parent out a nursing home by living in their house to provide in-home care, the house can be passed from parent to child without Medicaid penalty.
On the minus side, home care for seniors will be paid at a rate of 19 percent less, should that home care follow a hospital visit that ends up classified as just “observation” rather than a full admission.
Then, there’s the whole bevy of known asset-transfer regulations that can incur Medicaid penalties, denying months of coverage for nursing home care, if transfers are mishandled.
The Medicaid rules in particular are tricky and evolving. Should you find yourself dealing with these issues, consulting an elder law attorney is the best course of action.
The Medicaid rules in particular are tricky and evolving. Should you find yourself dealing with these issues, consulting an elder law attorney is the best course of action.
As this month’s third article on the topic says, the theory of the regulations is straight-forward: “Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday.”
But the regulations meant to safeguard taxpayers’ support of the Medicaid program often change and can seem like a field of land mines.
The law offices of R. F. Meyer & Associates are ready to help you navigate the Medicaid maze, or help you deal with any elder law, estate planning, or probate law matter.
Contact us by calling 614-407-7900, sending an email to [email protected] or by filling out the Contact Us form at ElderLaw.US.
Find a link to the full September newsletter below.
Sincerely,
Richard F. Meyer
Click HERE top open the full September 2019 R. F. Meyer & Associates newsletter in PDF form.