Practice Note for Elder Law Attorneys: By Gene L. Osofsky, Esq .[i] For purposes of determining the countable assets available to the individual applying for Medi-Cal, an asset which is “unavailable” enjoys – for the time that it remains unavailable – the same status as an asset which is “exempt”. We often think that an Read Full Article
Article Category Medi-Cal Planning
Below is a summary of the key provisions of the The American Health Care Act (AHCA), narrowly passed by the House of Representatives in early May, 2017. It is now pending in the U.S. Senate: The House of Representatives narrowly passed this bill in early May, by a margin of 217 to 213, with 20 Republicans Read Full Article
On January 23, 2015, the Department Of Veterans Affairs issued proposed regulations which would make significant changes to the determination of Net Worth, the treatment of pre-application Asset Transfers, and the deductibility of medical expenses in determining countable income. [1] To the extent these become final, they will dramatically impact planning strategies that advocates have Read Full Article
By Gene L. Osofsky, Esq. * An Earlier draft of this article was first published in the Legal Network News of the California Advocates For Nursing Home Reform, Volume 23 No. 2, Summer 2012. It was designed for Elder Law attorneys practicing in California. ———— Bypass Trusts Pose Special Problems for Medi-Cal Planning By Gene L. Read Full Article
Q. My wife and I do not have long-term care insurance and we are concerned about how we would pay the cost of care if one of us had to go into a nursing home, which I understand is very expensive. I heard that purchasing an annuity might help us qualify for a Medi-Cal long Read Full Article