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medicaid planning Archives

Aging Floridians will probably be counting on Medicaid

While some may think of Medicaid is a program that benefits children and others who are of limited income and means even though they are physically younger and healthier, the reality is that a majority of Medicaid spending, about two-thirds, goes to senior citizens who need help with things like their long-term care needs.

Florida lawmakers mull changes to Medicaid reimbursement

The one thing that Florida residents can depend on is change. Whether it's recently enacted healthcare legislation or longstanding government programs, it's safe to assume that things are not going to stay the same forever. This is definitely true for Florida's Medicaid program. Lawmakers at the state capitol have been mulling some possible changes to this program.

Proposed new health law makes Medicaid planning imperative

Concern in Florida is growing with the attempt on the part of congress to repeal and replace the Affordable Care Act (ACA). When the new plan was revealed, it was found to reduce the amount of funds that the federal government sends to the state. This make it necessary for the approximately 4.3 million Florida residents who use Medicaid to move forward with Medicaid planning if the law is changed. Since Medicaid is for people who are disabled and have low incomes, this is a worrisome issue.

Florida bill could affect Medicaid benefits for thousands

Thousands of people in Coral Springs rely on Medicaid to pay for their health care needs. This may be especially true if they have a disability, or are planning on using Medicaid benefits to pay for their long-term care needs. However, a bill has recently been developed by Florida Republicans that would affect Medicaid in the state.

Long term care planning lessons from an unlikely source

Coral Springs residents familiar with either the movie or the legendary book titled Willy Wonka and the Chocolate Factory may remember the piece for many things, but not for the long term care lessons it provides. However, one scene in the movie portrayed a powerful lesson in just that-Charlie's four bedridden parents were all packed together on one big bed, unable to walk and relying on Charlie and his mother to fulfill their needs. The movie provides valuable lessons in long-term care which many did not note while watching the movie.

When should I create a special needs trust?

Though Florida parents love and worry about their children equally, those who have disabled children worry a tad more about how to provide for their children's well being after they are no longer alive. The complexity and importance of creating financial safeguards takes on a whole new level when special needs children are involved. These issues are important because you want to make sure your children are taken care of and complex because the manner in which the benefits are distributed can affect their eligibility for long-term care.

Medicaid and the five-year look back rule

Many seniors in Coral Springs either create or have an estate plan that dictates how their assets, finances and medical needs should be managed in the event they become incapacitated or upon death. Unfortunately, many do not plan for the long-term care they might need later in life.

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