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Homeprotect your assets

Posts tagged: protect your assets

Older couple sitting on couch looking over their estate plan

New Community Medicaid Penalties Coming Very Soon: Why Take an Unnecessary Risk?

September 17, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 m

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Adult woman and senior woman looking over paperwork for edicaid Crisis Planning

Get the Home Care You Need without Going Broke. Avoid New Community Medicaid Penalties

September 16, 2020
by SM_Admin Medicaid

In 2019, the median cost of home care in New York was more than $50,000 per year. The good news is that Community Medicaid will pay for home care, as well as for private duty nursing, personal care, or the assisted living program (ALP). The bad news is

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Money Protecting concept. Saving symbol - Close-up Of A Human Hand Protecting Pink Piggy Bank

New Community Medicaid Transfer Penalties Go into Effect Next Month—Protect Yourself Now!

September 15, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 m

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paper cutouts of a house, a car and a family to represent assets

New Transfer Penalties for Community Medicaid: Exempt Assets

August 27, 2020
by SM_Admin Medicaid

As we mentioned in earlier emails, on October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. When the law takes effect, non-exempt assets sold below fair market value, transferred to others, or simply giv

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Woman using a calculator

New Community Medicaid Transfer Penalties: How the Penalty is Calculated

August 25, 2020
by SM_Admin Medicaid

We have seen that applicants for Community Medicaid will be subject to a new 30-month look-back period beginning October 1, 2020. Applicants who sold non-exempt assets below fair market value, transferred such assets to others, or simply gave them away wi

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Man holding paper and holding up one finger

New Community Medicaid Transfer Penalties: How Do “They” Know You Made any Transfers?

August 20, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 mont

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Nurse and senior couple talking at a home visit

Yes, Medicaid Will Pay for Home Care. Apply Now to Avoid New Transfer Penalties

August 13, 2020
by SM_Admin Medicaid

Many people are under the impression that while Medicaid will pay for nursing home care it does not cover the cost of home care. The truth is that in New York, Community Medicaid will indeed pay for home care. It will also pay for private duty nursing, p

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Piggy Bank, Savings, Currency. Protect your money concept

Protect Your Life Savings Now Against New Community Medicaid Transfer Penalties

August 6, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 m

Read More

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