Here are ideas that the attendees learned from Dale:
I always thought that gifting assets before applying for Medicaid was a no-no. Now I understand that it's possible to build that into Medicaid planning.
Always thought that the maximum MMNA amount was the maximum a community spouse could keep no matter whose it was. Instead it only applies if the community spouse needs to take some of the institutionalized spouse's income.
Crises planning for individuals that do not have the assets to pay for a nursing home care - worst case scenarios
Maybe there is a chance for someone to qualify even without prior planning
Medicaid Compliant Annuities may be appropriate for families who have limited financial resources.
Must plan early
New York State provides a challenge for financial services
Variety between states can be huge.
Users Comments:
I always thought that gifting assets before applying for Medicaid was a no-no. Now I understand that it's possible to build that into Medicaid planning.
Always thought that the maximum MMNA amount was the maximum a community spouse could keep no matter whose it was. Instead it only applies if the community spouse needs to take some of the institutionalized spouse's income.
Crises planning for individuals that do not have the assets to pay for a nursing home care - worst case scenarios
Maybe there is a chance for someone to qualify even without prior planning
Medicaid Compliant Annuities may be appropriate for families who have limited financial resources.
Must plan early
New York State provides a challenge for financial services
Variety between states can be huge.