Why Medicaid Planning is 100% Ethical
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Q. My close friend, Paula, invited me to lunch the other day. We got to talking, and I asked her about her father who she told me was in a nursing home. She asked about my parents, and I explained how my mother’s dementia is getting worse, and how we are exploring nursing home care for her, as well. I explained how I am worried about how expensive nursing homes are in this area, and how quickly their
assets will be depleted if they pay out-of-pocket for my mother’s care.
She told me how your firm helped her father get Medicaid, and how it’s the only way they could have afforded the catastrophic cost of nursing homes in this area without going broke. Something doesn’t seem right to me, however. I live in a somewhat affluent neighborhood in Fairfax where houses go for $650,000+. I remember Paula’s parents worked most of their lives at decent jobs, raised two
college-educated children, and have a beautiful labradoodle whose haircuts cost more than my entire family’s. There is no way they can be poor enough to qualify for Medicaid. Can you explain? And if they do qualify for Medicaid, how is it ethical? Also, don’t you get better care if you pay privately?
Critter Corner: Dispelling Myths About Medicaid
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I have heard several things about Medicaid, and I wanted to see if they are true. One thing that I've been told is that Medicare will cover my health care costs, including long-term care. Another is that you need to be broke to qualify. Lastly, my understanding is that I could give up to a $15,000 gift every year under Medicaid rules. Are these things true?
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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