Archive for the Medicaid Category

2023 Income & Asset Allowance Increases for the Spouse of Nursing Home Residents in Pennsylvania

Spousal impoverishment is a concern for married couples when one spouse needs long-term care and applies for Medicaid. If one spouse requires care in a skilled nursing facility and the other remains at home, the spouse at home (the “Community Spouse”) might face significant financial hardships. The […]

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The “Medicaid Planning Compliant” General Power of Attorney

If you want to make sure that your or your family member’s assets can be protected from a potential future need for long-term nursing care, you or your loved one must sign a “Medicaid Planning Compliant” General Power of Attorney document (“MCPOA”).  The MCPOA will serve to […]

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What Are Medicaid Asset Protection Trusts?

Medicaid imposes strict rules on how much money and assets an applicant can have. To qualify for Medicaid, you must fall under the asset limit, which is $2,000 in most states. Even with greater than $2,000 in assets, however, you may be able to get on Medicaid […]

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