Will Medicaid Count My IRA as an Available Asset When Applying for Long Term Care Benefits for My Spouse?

A frequent question we get is to what extent Medicaid will count retirement accounts, such as IRA’s and 401(k)’s when one spouse is applying for long-term care benefits on behalf of their spouse who requires skilled nursing care. The simple answer is that yes, Medicaid does count your retirement account assets when you are applying … Read more

How to Pay for an Assisted Living Facility in North Carolina?

assisted living facility in North Carolina

While many North Carolina Seniors cannot live independently at home, they still do not need the round the clock care that a skilled nursing facility provides. For these individuals, an assisted living facility may be the best option. An assisted living facility will allow the residents to live independently, but still provide some assistance where … Read more

Yes, Medicaid Can Deny Your Application for Failure to Provide Sufficient Financial Documentation

In case you were thinking that you would file for Medicaid, and they wouldn’t ask you for any financial information to verify your application… think again. In December, a New Jersey appeals court upheld the denial of Medicaid benefits because the applicant did not provide sufficient financial verifications. P.B. v. Division of Medical Assistance and Health … Read more

How to Pay for Nursing Home Care in North Carolina

Paying for Nursing Home Care

One of the harsh realities of life is that if you live long enough, at some point you may need move into a long-term care facility, otherwise known as a “skilled nursing facility”. The cost of these facilities can be downright crippling to most families. At a typical cost of between $6,500 to $10,000 per … Read more