With effective planning, you can reduce your assets and your income so that you qualify for Medicaid. This could allow you to protect your assets while ensuring that you have the resources needed to pay for your medical and long-term care needs, including a nursing...
MassHealth
What is the MassHealth frail elder waiver?
Many elderly Massachusetts residents recognize that they can no longer safely live on their own but are not ready to move to a nursing home. If you or a loved one are in this situation, MassHealth offers an option you may not know about called the frail elder waiver....
Errors that could jeopardize Medicaid eligibility
Planning for Medicaid requires a lot of foresight and an understanding of the law. If you can successfully navigate the process, you can protect your wealth and your ability to secure the medical and long-term care you may need. That’s why it’s crucial that you...
Can I have MassHealth and other health insurance?
MassHealth is a valuable program that provides low-income Massachusetts residents with health care or long-term care needs. MassHealth acts as a combination of Medicaid and the Children’s Health Insurance Program (CHIP). Elderly Massachusetts residents can benefit...
Four ways to spend down for MassHealth eligibility
If you’ve found your way to our blog, then you’re likely worried about covering your long-term care needs. That’s understandable, given the skyrocketing rates associated with nursing home and other forms of long-term care. Figuring out the best way to cover those...
Protect your assets from estate recovery under MassHealth
Many elderly people who need long-term care are concerned about the cost. When they are approved for MassHealth – the state version of Medicaid – it is a relief. However, receiving MassHealth coverage does not fully protect their property after they are gone....
What is an HCBS waiver under MassHealth?
Caring for an elderly and infirm loved one in Massachusetts can be draining personally and financially. People who have conditions, illnesses or are simply becoming too frail to live on their own will often need help to ensure they are properly taken care of. To...
MassHealth planning and the look-back period
Long-term care is enormously expensive. MassHealth can help you pay for it, but only if you meet the financial eligibility requirements to qualify for the program. To do so means having a low income and limited resources. This situation puts many Massachusetts...
Understanding the differences between Medicare, Medicaid and MassHealth
Medicare, Medicaid and MassHealth are all extremely important programs that can help Massachusetts residents with their medical needs. It's common to hear their names tossed around in the same conversation, and it can be easy to get them confused with each other...
Don’t make these mistakes when engaging in Medicaid planning
Medical expenses can quickly become overwhelming. If you end up needing long-term care, which is a very real possibility, then your assets can be quickly gobbled up. The good news is that there are strategies that you can implement to protect your assets and your...