Irrevocable trusts can be utilized for Medicaid planning in New York to safeguard assets from being considered for Medicaid eligibility. Once assets are placed in an irrevocable trust, they cannot be reclaimed by the grantor. This strategy can help individuals qualify for Medicaid while preserving some assets for their beneficiaries. However, it is crucial to […]
While planning for the care of aging loved ones or oneself may not be the most exciting topic, it is essential to understand the benefits and requirements of Medicaid. Medicaid can provide coverage for necessary care, ensuring that your or your loved one’s quality of life is maintained without the financial burden of healthcare expenses. […]
What is the NHTD Program? The Nursing Home Transition and Diversion (NHTD) Medicaid Waivered is a Home and Community-Based Services program that uses Medicaid funding to support and assist individuals with disabilities as well as seniors to promote community inclusion. When informal supports locally funded services, and Medicaid State Plan services do not meet a […]
Over the last two years, the state of New York has made several changes to the Medicaid home care program. If you’re trying to establish a plan or find care for a loved one, these changes have probably made an already stressful situation all the more chaotic. One of the changes that have been made […]
In New York, nursing home Medicaid has a 5-year lookback period. That means if an individual goes into a nursing home (or rehab) and applies for Medicaid to cover the bill, Medicaid will look back at the individual’s records for the past 5 years to see if any gifts – or transfers – were made to […]
In 2021, New York implemented a shorter look-back period for Medicaid applications for Community-Based Long Term Care Services, or home care. Under these new regulations, New York Medicaid applicants are ineligible for home care if they transfer assets within 30 months, or two and a half years, prior to applying for Medicaid benefits. However, COVID-19 […]
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Below is a Fact Sheet from New York Legal Assistance Group regarding your rights if you need to temporarily reduced your home care hours during the COVID-19 crisis. Did Your MLTC Plan Ask You to Agree to Reduce Your Hours? Or do you WANT to Reduce your Hours During COVID-19 Emergency? You may want to […]
On February 4, 2020, Gov. Cuomo convened a Medicaid Redesign Team (MRT II), tasked with finding $2.5 billion worth of cuts – or savings – from the Medicaid program in time for the April 1, 2020 New York State Budget. The team met for the first time on February 11th and then again on March […]
