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?
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?
Register Now for Free Estate Planning and Elder Care Seminars and Workshops
We make an effort to provide estate planning and elder care information to people here in the greater San Jose area on an ongoing basis. On the electronic level we maintain this blog and make sure that it is updated regularly with useful content. In addition to the blog, our website has a section that contains a rather extensive library of free special reports. The special reports examine various different aspects of estate planning and elder care, and you can download as many reports as you … [Read more...] about Register Now for Free Estate Planning and Elder Care Seminars and Workshops
Is There a Medi-Cal Asset Maximum?
When you are planning ahead for retirement you may envision the opportunity to cross things off your bucket list. Good times lie in wait, and you have a retirement dream. You are probably not budgeting for long-term care, and Medi-Cal may be the last thing on your mind. Why Medi-Cal? Why should someone who has saved for retirement care about Medi-Cal? People who have worked and paid taxes all of their lives are going to be qualified for Medicare when they become 65. You may think that if you … [Read more...] about Is There a Medi-Cal Asset Maximum?
Medi-Cal Recovery in Campbell California, Joint Tenancy, and Your Home
Before we examine Medi-Cal recovery and joint tenancy in California, we would like to provide some background information. The Medi-Cal program is theoretically intended to provide health insurance to people who have significant financial need. It is a program that is jointly administered by the state of California along with the federal government. Medicare doesn't pay for long-term care, so many seniors who were never really impoverished use Medi-Cal to pay for living … [Read more...] about Medi-Cal Recovery in Campbell California, Joint Tenancy, and Your Home
Medi-Cal Planning in California: When Is it Too Late?
Medicare is a government health insurance program that is available to seniors who have paid into the program sufficiently during their working years. Because of the fact that you are going to be eligible to enroll in the Medicare program, you might wonder why Medi-Cal may be relevant to you when you are a senior citizen. The reason why a significant percentage of elders who were previously enrolled in the Medicare program ultimately qualify for Medi-Cal is because they need assistance with … [Read more...] about Medi-Cal Planning in California: When Is it Too Late?
Can You Give Away Assets to Qualify for Medi-Cal in California?
Medicare is a program that you pay into when you are working throughout your life. Payroll or self-employment taxes are used to fund the program. You qualify for Medicare coverage once you reach the age of 65 , and you go forward with health insurance during the latter portion of your life. Medi-Cal is a government program that provides health care for people that don't have health insurance and don't have enough money to pay for health care. There's no particular age at which you become … [Read more...] about Can You Give Away Assets to Qualify for Medi-Cal in California?
What is The Difference Between Medi-Cal and Medicare in California?
People who have not looked into the subject thoroughly sometimes have questions about Medi-Cal, Medicare, and Medi-Cal. What are they all used for, and who qualifies for what? In this post we will provide some answers. Medicare Coverage When you see deductions being taken out of your earnings, one of them is going toward Medicare. This is a federal government program that provides health care insurance to eligible senior citizens. There are various different parts of Medicare. Medicare Part A … [Read more...] about What is The Difference Between Medi-Cal and Medicare in California?
