The Medi-Cal program is a jointly administered federal/state government health insurance program. In California, it is called Medi-Cal. Most senior citizens who worked throughout their lives will qualify for Medicare coverage. This is also a government run health insurance program. If you qualify for Medicare, you won't need Medi-Cal at first, and you probably wouldn't be eligible, because Medi-Cal is a need-based program. People who have a reasonable store of assets cannot qualify. In spite … [Read more...] about Register for Our First 2015 Medi-Cal Planning Workshop
Does the State Take My Assets If I Apply for the Medi-Cal Program?
Medi-Cal is California's version of the Medi-Cal program that provides health care insurance for people with very limited financial resources. If you are going to qualify for Medicare when you reach the age of 65, and you will be retiring with a reasonable store of assets, you may feel as though the Medi-Cal program is not relevant to you. In reality, the Medi-Cal program is relied upon by a very significant percentage of seniors, because Medicare will not pay for long-term care. Long-term care … [Read more...] about Does the State Take My Assets If I Apply for the Medi-Cal Program?
Is There a National Organization of Elder Care Attorneys?
Elder care is a particularly important area of specialization at the present time, because an unprecedented number of Americans are attaining senior citizen status. The baby boomer generation is reaching the age of retirement, and this is having a big impact. Elder law or elder care attorneys help people who are concerned about the eventualities of aging. You should certainly discuss everything with a licensed attorney if you want to be optimally prepared for the future. There are a number of … [Read more...] about Is There a National Organization of Elder Care Attorneys?
Medi-Cal Planning: Does a Trust Protect Assets?
A significant majority of senior citizens will eventually need help with their activities of daily living. Medicare will not pay for long-term care, but Medi-Cal will help with these costs. As a result, Medi-Cal planning is important for many older Californians. Just so you understand the extent of the costs that we are talking about, according to the state, the average monthly cost for nursing home care is $7,549. This is the average; in the Bay Area it is considerably higher. It is not … [Read more...] about Medi-Cal Planning: Does a Trust Protect Assets?
Caregiver Contracts (an Elder Law Today Blog)
Our office writes the Elder Law Today each month to provide useful information for the elderly and disabled, their family members, friends, and advocates. Recently, one of our readers asked us to write an article regarding Caregiving Contracts. We thought that was a great idea, as so many of our clients care for their aging or ailing parents, friends, or relatives. Millions of Americans are currently caring for an elderly family member or friend at home, without receiving regular compensation. … [Read more...] about Caregiver Contracts (an Elder Law Today Blog)
Gubernatorial Veto Impacts Many Medi-Cal Beneficiaries
Medi-Cal is a jointly administered federal/state government health insurance program. In the state of California, this program is called Medi-Cal. Medi-Cal is a program that is only available to people who can prove that they have significant financial need. If you have Medicare coverage as a senior citizen, you would not need Medi-Cal at first, and you probably wouldn't qualify, because the asset and income limits are very modest. For an individual, the limit on countable assets is just … [Read more...] about Gubernatorial Veto Impacts Many Medi-Cal Beneficiaries
Free Report: What is an Elder Care Attorney?
Elder care attorneys react to the needs of senior citizens. Many people are concerned about long-term care costs, and elder care attorneys provide solutions. Topics covered in this white paper include: Long-Term Care Costs Medicare Medi-Cal Incapacity Planning Integrative Approach Conclusion Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is an Elder Care Attorney?
Will Medicare Pay for All of My Medical Expenses?
Retirement planning involves a careful assessment of the expenses that you may face during your senior years. As you are making plans for the future, you should have a thorough understanding of what you can expect from the Medicare program. Let's look at some of the details. Medicare Eligibility To qualify for Medicare, you earn retirement credits. As you work and earn income, you pay taxes, and some of what you pay goes toward future Medicare coverage. The requirements are actually quite … [Read more...] about Will Medicare Pay for All of My Medical Expenses?
What Is the Medi-Cal Waiver Program?
When you are looking ahead toward your retirement years, the first segment will be the period of time that they called the golden years. You may look forward to travel, leisure activities, and quality time with your family. This is an important stage of life that can be extremely enjoyable, so you should plan ahead from a financial perspective so that you can make the most of it. Retirement planning should also extend to the twilight years that will follow your active retirement years. A … [Read more...] about What Is the Medi-Cal Waiver Program?
Can I Be Held Responsible for a Parent’s Nursing Home Expenses?
Nursing home expenses are a very big cause of concern within the elder care community. The cost of care is extraordinary, and most people cannot comfortably pay out-of-pocket. In the state of California, nursing home expenses are higher than the national averages. According to California Health Advocates, the average daily charge for nursing home care is just over $256, and this factors out to over $93,000 per year (this sum is even higher in the Bay Area). It is not uncommon for elders to … [Read more...] about Can I Be Held Responsible for a Parent’s Nursing Home Expenses?
