Myths of Medicaid

In this video blog, Attorney David Banas discusses the myths of Medicaid.  Click here to view. Today we’re going to talk about unraveling some of the myths and misconceptions about Medicaid–some of things that give our prospective clients so much anxiety if they’re facing the issue of putting a spouse into a nursing home and […]

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Certain gifts not subject to Medicaid five-year rule

Certain Gifts Not Penalized for Medicaid Eligibility

It’s almost common knowledge that Medicaid imposes a “five-year lookback” to identify gifts made by a Medicaid applicant.  In most circumstances, if an individual who is applying for Medicaid has given away their assets within the last five years, Medicaid will penalize that individual, even if they are currently out of funds, by not paying […]

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Cost of Living Increase Impacts Medicaid Income Eligibility

Cost of Living Increase Impacts Medicaid Income Eligibility

On January 1, 2019, the Social Security Administration adjusted benefits upward by 2.8 percent.  The 2.8 percent cost-of-living adjustment will begin with benefits payable to more than 62 million Social Security beneficiaries.  Increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries brings the maximum monthly benefit from $750 per month in 2018 […]

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Preserving Assets While Applying for Medicaid

Preserving Assets While Applying for Medicaid

There is a misconception that one should plan on applying for Medicaid only after all the money has been spent on care. Most nursing facilities aren’t going to go out of their way to tell you all of the ways you can actively plan to preserve assets while applying for Medicaid. But there are a […]

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Mishandled Medicaid applications can cause bills and headaches

Medicaid Applications: Pitfalls to Avoid

For many families, placing a loved one in a nursing home is a traumatic and unwelcomed event.  In so many cases, the adult children of elderly parents are signing admission agreements to nursing homes that have a personal guarantee of payment – that if the nursing home doesn’t get paid, the adult child will be […]

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Knowns and unknowns of the medicaid application process

The Knowns and Unknowns of Medicaid Application

“…[A]s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know.” – Former Secretary of Defense […]

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Take Simple Steps Early to Protect Your Most Important Asset: The Family Home

On August 1, 2016, Ohio changed its Medicaid regulations regarding the treatment of the home. Federal and State Medicaid laws recognize that the family home is often times the largest asset of an individual, and Medicaid rules account for the reality that the family home is critical to the well-being of a spouse, a child, […]

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