Does Putting Your Home in a Trust Protect it from Medicaid?

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Explore how Trusts can safeguard assets, like your home, for Medicaid eligibility, balancing wealth preservation with healthcare access. Click here to read this article published by Yahoo Finance to learn more. Protect and plan your future with expert guidance.  Contact us at 212-709-8112 or ksverdlov@sverdlovlaw.com to learn more or book a consultation...
Does Putting Your Home in a Trust Protect it from Medicaid? Continue reading…

3 Tests You Must Pass to Qualify for Medicaid Home Care in New York

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It is complicated to qualify for Medicaid in New York. You must pass the health care test, the asset test and the income test. Contact Sverdlov Law at 212-709-8112 or ksverdlov@sverdlovlaw.com to learn more or set up a consultation here: https://calendly.com/katyasverdlov https://www.youtube.com/watch?v=sWolme9WHe8&t=95s  

Is A Pooled Income Trust The Answer To My Getting My Parents Affordable Home Care?

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Today, especially with the many concerns about health safety in nursing homes, Medicaid home care for your parents becomes a more popular long-term care choice. However, for some people it seems out of reach. A Medicaid pooled trust might be the answer you seek. Learn more… https://ktstrust.org/is-a-pooled-trust-the-answer-to-my-parents-home-care/      

Can you Trust a Medicaid Pooled Income Trust to Preserve Your Money and Pay Your Bills?

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Medicaid pooled trusts are strictly regulated by federal and state law and are managed by trustees familiar with these regulations. However, not all trustees are alike. So, take time to vet the pooled trusts you are considering, to develop the right comfort level. Learn more… https://ktstrust.org/medicaid-home-care-benefits-with-a-pooled-trust-you-can-trust/  

Katya quoted in “How a Medicaid Spend Down Works”

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Katya Sverdlov, Esq. has been quoted in the U.S. News article How a Medicaid Spend Down Works. Understand important Medicaid spend down rules to decide if its the right financial strategy for you. Read the full article here    

Can You Avoid a 5 Year Penalty for Uncompensated Transfers?

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Medicaid imposes a transfer penalty that can last for up to 5 years for all uncompensated transfers made prior to the application for nursing home Medicaid. This provision makes crisis planning for nursing home not efficient. Yet many people are reluctant to transfer their assets ahead of time and impoverish themselves, because, of...
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What is Long Term Care Insurance and New York State Partnership for Long Term Care

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Many seniors are not aware that Medicare does not pay for custodial long term care. An individual suffering from Alzheimer’s disease or dementia, which requires assistance with feeding, bathing, and taking oral medications will not be covered by Medicare not by a Medigap insurance. The only way of paying for custodial long term...
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Accident Liens – can Medicaid recover from personal injury or malpractice award?

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It may come as an unwelcome shock to many personal injury plaintiffs, but Medicaid is entitled to recover medical expenses paid on behalf of an individual, from the proceeds of a personal injury or a malpractice action. The entire award is subject to Medicaid recovery: there is no distinction between pain and suffering...
Accident Liens – can Medicaid recover from personal injury or malpractice award? Continue reading…