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 … [Read more...] about Register for our Upcoming Free Medi-Cal Planning Workshop, Thursday, April 21
Many people are not aware that the Department of Veterans Affairs offers assistance to veterans, their spouses and widows to help with assisted living and nursing home costs. This benefit is known as the Veterans Aid and Attendance Special Pension. VETERANS AID & ATTENDANCE People who have served in the military make a lot of sacrifices, but there are certain benefits that go along with service. Most of these are well understood, but the Veterans Aid and Attendance Special Pension is … [Read more...] about VETERANS AID AND ATTENDANCE SPECIAL PENSION
The question of when you might need to speak to an elder care law firm can be a difficult one to answer. What is an elder care law firm? How can they help you? What if it is a loved one who needs help? This blog article will address these questions to assist you in determining when you or a loved one might need to speak with an elder care law firm. When you need an elder care law firm for yourself Elder law attorneys specialize in the legal issues that affect seniors. These issues can include … [Read more...] about Do You Need to Speak with an Elder Care Law Firm?
When you are devising a long-term financial plan, you should consider the eventualities that you may face during your twilight years. Nursing homes are very expensive, and many elders do require nursing home care at some point in time. There are various different reasons why people ultimately need this level of care. However, when you gain an understanding of the widespread nature of Alzheimer's disease, you can see why so many seniors need long-term care eventually. The Alzheimer's … [Read more...] about How Expensive Are Nursing Homes in California?
As you are going through life working and paying taxes, you may not concern yourself with retirement planning. After all, you are paying into the Social Security program, so you will have a source of income as a senior citizen. You may also be contributing into the 401(k) plan that your employer offers, so you will have a retirement nest egg accumulated by the time you reach your sixties. When it comes to health care insurance, you will qualify for Medicare at the age of 65, so you won't have … [Read more...] about Is Retirement Planning Really Important?
You have likely heard mention of the Medi-Cal program, which is a joint federal-state program that is ostensibly in place to provide access to health care to those who cannot afford it. In California, this program is called Medi-Cal. It assists people with little to no financial resources, but it is also the government program that is utilized by many seniors to pay for long-term care because Medicare will not pay for it. Medi-Cal is not just for seniors who have been struggling financially … [Read more...] about FREE REPORT – A Family Guide on Medi-Cal/Medi-Cal Planning: What it is, How it Works, and Why You Need a Plan
Most people are aware of the fact that Medi-Cal is California's version of the national Medi-Cal program. It acts as a health care insurance safety net for people who have very limited financial resources. As it turns out, the program also serves another purpose. Medi-Cal pays for most of the long-term care that is received by seniors in the United States, because Medicare does not pay for custodial care. Because of this dynamic, many Californians who were never needy ultimately seek Medi-Cal … [Read more...] about Do I Have to Spend Everything to Obtain Medi-Cal Coverage?
Don’t you hate to be the bearer of bad news? We all do. Unfortunately, sometimes we just can’t avoid it. Consider the following situation: Last month I had an appointment with Mrs. Jones. Her husband was diagnosed with Alzheimer’s three years ago, and the disease has progressed to the point where he needs long term nursing home care. At the time of the diagnosis, she talked to some friends of the family, and they told her to add the kids’ names to her bank accounts and mutual funds as a way to … [Read more...] about Is It Effective Medi-Cal Planning to Add Someone’s Name to Your Bank Account? (An Elder Law Today Blog)
When you are looking ahead toward the future as a mature adult, you are naturally going to start to think about your active retirement years. If you plan ahead effectively from a financial standpoint, you should have the resources that you need to cross things off your bucket list, enjoy leisure activities, and spend quality time with your family. This is one stage of life, but you should also prepare for the twilight years that will follow. Elder care can enter the picture, and you should … [Read more...] about What Do I Need to Know About Elder Care?
Medi-Cal is California's version of the Medi-Cal program that is jointly administered by the federal government along with each respective state government. This program is very important for many senior citizens, because it will pay for long-term care. Most people will need living assistance, and Medicare will not pay for custodial care. Because Medi-Cal is a need-based program, there are income and asset limits that you must stay within to qualify for coverage. In spite of this, many people … [Read more...] about Does the Medi-Cal Look-Back Apply if I Give a Caregiver Child My Home?