Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid, you can avoid a penalty.
Is it time to remove a trustee?
The main purpose of a trust is to provide resources for loved ones. This can be done during life and after death, though it’s mostly associated with after death. A trust is an entity where a person manages their resources and shares them with next of kin, family and friends. There are all kinds of trusts, and many share real estate or family heirlooms, while others provide income to loved ones who need the assistance.
Be on the Lookout for New Medicare Cards (and New Card-Related Scams)
The federal government is issuing new Medicare cards to all Medicare beneficiaries. To prevent fraud and fight identity theft, the new cards will no longer have beneficiaries' Social Security numbers on them.
Report Finds Lack of Government Oversight of Assisted Living Facilities
The government is spending billions to fund assisted living services through Medicaid, but government oversight and regulation of assisted living facilities is lacking, according to a new government report.