News

Medicaid Planning for Married Couples

For married Michigan couples whose combined incomes fall slightly above or below the Federal Poverty Line (FPL), Medicaid planning can help ensure that a proper “healthcare safety net” is put in place should medical assistance ever be required. This not only offers you access to potentially life-saving medical treatment, but ...
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The MI Choice Waiver: An Option for Elderly Patients under Medicaid

For the nearly 2.3 million low-income children, pregnant women, adults, seniors and people with disabilities who benefit from Medicaid coverage across the state of Michigan, access to this affordable and long-term healthcare is not just a “good thing to have”—it is almost a necessity at this point. For individuals who ...
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MICHIGAN MAKES HUGE CHANGES TO MEDICAID PLANNING FOR MARRIED COUPLES – THE END OF THE SBO TRUST

On August 20, 2014, the Department of Human Services (DHS) made a massive, unexpected change to Medicaid planning for married couples in the state of Michigan by changing the way they analyze assets put into the Solely for the Benefit Trust. For past 18 years, DHS has allowed the spouse ...
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6 Costly Mistakes to Avoid When Your Spouse Enters Nursing Home

The average cost of care in a nursing home is currently $8,282 per month, which is continually increasing. With the high cost of long-term care, it is no surprise that most families find themselves exhausting their funds within one year of a prolonged nursing home stay. Contrary to popular belief, ...
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Common Medicaid Misconceptions

We meet with families on a regular basis who face long term care issues, but make decisions based upon an incomplete understanding of the laws and rules concerning Medicaid. For example, we often hear that information has been passed along by friends and relatives who faced the same issues, but ...
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Congress Proposes Changes to Medicaid Exempt Annuity

Congress Proposes Changes to Income from Medicaid Exempt Annuity Recently, a bill was introduced by Representative Markwayne Mullin (R-OK) to make major changes to the way Medicaid will treat income received by an at home spouse (known as the community spouse) from their own Medicaid exempt annuity when the other ...
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New Information Regarding the Michigan Medicaid Long-Term Care Insurance Partnership Program

Early Planning Can Protect Your Life Savings New Information Regarding the Michigan Medicaid Long-Term Care Insurance Partnership Program Certain long-term care insurance policies sold in Michigan may now qualify for the Michigan Medicaid Long-Term Care Insurance Partnership Program.  This Partnership will allow those who have eligible long-term care insurance policies ...
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Great News for People with Long Term Care Insurance Policies

It has just been announced that the much awaited Medicaid Long Term Care Partnership may be effective as early as June 1, 2015. This partnership will allow those who have eligible long-term care insurance policies to qualify for Medicaid benefits AND protect a larger amount of their assets, which will ...
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