Showing 4 posts in Medicaid Planning.
Please note that the information in the following blog post is meant to act only as a general guide. Medicaid is an extremely complex area and varies based on the individual. Your questions need to be addressed by an attorney with significant experience in the area prior to taking any action.
As we age and begin to need more assistance, we often hear the terms 'Medicare' and 'Medicaid' used interchangeably, but they are different on a number of fronts. Medicare is a federal program funded through tax payers and is based on age, although special circumstances such as certain disabilities, allow younger people to qualify. Medicaid is managed by individual states so the elements in the program can vary by region. Eligibility for Medicaid is based on income and resources available to the individual. Read More ›
Medicaid planning is a hot topic among seniors and their families. Foster Swift attorneys Matt Fedor and Nic Camargo offer an excellent overview of what Medicaid planning is, key considerations before developing a plan and how to formulate and implement a plan in their National Elder Law Month Video "What I should Know About Medicaid Planning."
Scams directed toward seniors sadly remain another hot topic. Even during the COVID-19 crisis, it's unfortunately common to watch the news and see a heart-breaking story about a senior who has been targeted by a criminal. While many of these crimes are not violent, they rob our senior friends of their funds, their property and often most hurtfully, their dignity. Foster Swift's article on "How to Spot the Red Flags of Financial Elder Abuse" is a good refresher for all of us, young, old, and in between, on how to keep the seniors in our lives safe.
In the state of Michigan, nearly 2.5 million people are provided health care under Medicaid. This includes low-income adults, children, senior citizens and people with disabilities that depend on the federal and state program for access to health care as well as long-term services which include basic life functions such as meal prep, bathing/dressing and administering medication. For those not familiar with the eligibility aspects of Medicaid, click here to view the video “An Introduction to Medicaid.” Read More ›
Due to the shock of the death of a spouse or a loved one, the steps of what needs to be done first can be an overwhelming process for the survivor(s). To aid in the breakdown and to act as a tool amidst the emotional days ahead, estate planning Jonathan "Jay" David has assembled a "Survivor's Checklist" of some of the important things that need to be addressed when a spouse or loved one dies.
COVID-19 Checklist & Elder Organizer Tool
For adult children responsible for their elderly parents and other senior caretakers concerned about protecting loved ones as the COVID-19 pandemic continues, below is a free downloadable checklist of steps to follow to prepare for any possible COVID-19-related illnesses among the most-vulnerable.
Foster Swift has created a free ‘Elder Organizer’ digital notebook to provide seniors and their caretakers with a toolkit that helps organize doctors’ appointments, medications, and more that can be shared online. The tools below are also available on the Elder Law Resources page.
*For those trying to access these links by smartphone, it is best practice to copy/open the link in a separate tab and download the free Google Sheets app from Google Play or the Apple Store.
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E-book Covers Estate Planning Essentials
Engaging in estate planning, while essential, is often emotional and generates many questions. How do I protect my spouse and my children if something happens to me? What happens if I become disabled before I pass on? Who will take care of my pet after I'm gone? How do I pass my business on to my children? These questions and more are addressed in Jonathan David’s recently updated e-book, “Estate Planning: You Have to Start in Order to Finish.”
Need Help Planning?
For more tools, visit our Elder Law Resource page for additional content. Click here to view/download the Foster Swift estate planning brochure to see what our experienced team of attorneys can do for you.