Medi-Cal is a jointly run federal/state government program that provides health insurance for people who have very limited financial capabilities. In the state of California, the program is called Medi-Cal. Though it is a need-based program, Medi-Cal is very important for a significant percentage of senior citizens who were never financially needy throughout their lives. This is because Medi-Cal pays for long-term care. Medicare will not assist with long-term care expenses. Medi-Cal … [Read more...] about What Is the Medi-Cal Monthly Maintenance Needs Allowance?
How Do You Find an Elder Care Attorney?
Elder care attorneys assist clients who want to address the eventualities of aging. Indeed, there are a number of different contingencies that you may face when you reach an advanced age. You should certainly be aware of them so that you can take the right steps to prepare yourself. Long-Term Care Costs One of the most pressing issues of our day is the matter of long-term care costs. Many people are lulled into a false sense of security. They believe that Medicare will pay for all of their … [Read more...] about How Do You Find an Elder Care Attorney?
What Are the Differences Between a Revocable Living Trust and a Medicaid/Medi-Cal Trust?
There are different types of trusts that are used for different purposes. One of the major distinctions between trusts is that some of them are revocable, and some of them are irrevocable. First, we will look at a common type of revocable trust called a revocable living trust, and we will then draw a contrast between this type of trust and a Medicaid/Medi-Cal trust. Revocable Living Trusts A revocable living trust is largely utilized as a tool to facilitate the avoidance of probate. When … [Read more...] about What Are the Differences Between a Revocable Living Trust and a Medicaid/Medi-Cal Trust?
What Assets Can I Keep When My Spouse Applies for Medi-Cal?
When you are evaluating your potential retirement expenses, you should take the matter of long-term care very seriously. It is more likely than not that you will eventually need help with your activities of daily living. Long-term care is very expensive, and Medicare will not pay for it. Medi-Cal is a government health insurance program that will pay for long-term care if you can qualify. It is California's version of the national Medi-Cal program. Because of the exorbitant costs associated … [Read more...] about What Assets Can I Keep When My Spouse Applies for Medi-Cal?
When Is The Right Time To Do Medicaid/Medi-Cal Planning? (An Elder Law Today Blog)
Our office receives numerous calls from concerned loved ones and family members wondering if or when they should start Medi-Cal planning (Medicaid is called “Medi-Cal” in California). The answer: It is never too early or too late to discuss the planning options available. Below are just two examples of the many types of calls we get every day where we advise clients that Medi-Cal planning is an option right now. Mrs. Jones is an 81-year-old widow experiencing short-term memory loss. She is … [Read more...] about When Is The Right Time To Do Medicaid/Medi-Cal Planning? (An Elder Law Today Blog)
The Importance of Incapacity Planning
THE IMPORTANCE OF INCAPACITY PLANNING Who Will Manage Your Health Care Decisions? For most of our lives, the greatest risk to our well-being is the ever-increasing likelihood of becoming seriously ill or injured. When illness or injury makes us unable to manage our own affairs, we may face the legal ordeal of a Conservatorship which can be a living nightmare for those who must go through it. Many people fail to plan ahead for their possible incapacity because they think it only happens to … [Read more...] about The Importance of Incapacity Planning
What Are the Disadvantages of a Medi-Cal Trust?
The government run health insurance program for people with significant financial need is called Medi-Cal in most of the 50 states. In California, this program is called Medi-Cal. This is a program that is jointly administered by the federal government along with each respective state government. Every state has a certain amount of latitude with regard to the precise way that the program is administered. Based on Need Medi-Cal eligibility is based on financial need. There are rather complex … [Read more...] about What Are the Disadvantages of a Medi-Cal Trust?
Isn’t Medi-Cal Only for the Poor?
As a person who is going to be qualified for Medicare later in your life, you may wonder why Medi-Cal would be relevant to you. Medi-Cal is a health insurance program for people with virtually no financial resources, right? If you expect to retire with savings and income, you may assume that you would never need to concern yourself with Medi-Cal. In fact, Medi-Cal is quite relevant to a very significant percentage of senior citizens. While it is true that you qualify for Medicare at the … [Read more...] about Isn’t Medi-Cal Only for the Poor?
Who Can Create a Power of Attorney?
Your estate plan should be holistically prepared to address the eventualities of aging along with the postmortem process of asset distribution. Incapacity planning is part of the equation. Because many people become unable to handle their own affairs late in their lives, powers of attorney are often used. With a power of attorney you can name someone else to act on your behalf. This representative is known as the agent or attorney-in-fact. A standard power of attorney that is not designated as … [Read more...] about Who Can Create a Power of Attorney?
Medi-Cal Recovery: Can the Government Take My Home?
The Medicare program is relied upon by most senior citizens. You become eligible for Medicare coverage at the age of 65 if you have accumulated at least 40 retirement credits. You accrue credits as you earn taxable income throughout your life. You may feel confident about your health care needs being met during your retirement years because you will qualify for Medicare. The wildcard is the matter of long-term care. Medicare does not cover long-term care. A stay in an assisted living community … [Read more...] about Medi-Cal Recovery: Can the Government Take My Home?
