Can You Avoid a 5 Year Penalty for Uncompensated Transfers?

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

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?

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...
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