Many aging Americans depend on family members or friends to help manage their financial, health, and other affairs during retirement and beyond. They often believe
The government calls these payments “reimbursements,” and Medicare and Medicaid do not handle this process the same.
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.