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...
MassHealth
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...
Massachusetts residents need to prepare for MassHealth changes
MassHealth coverage is vital for many people. The elderly are among them and with substantive changes happening with the eligibility requirements, people need to be aware of their options if they had coverage and were dropped or are seeking coverage and do not know if...
What are the asset rules when applying for MassHealth?
As Massachusetts residents age, they might need to consider their options for long-term care. MassHealth is in place for these contingencies, but not everyone is eligible for the program. One concern is meeting the asset rules to be eligible under MassHealth. The...