When emergencies arise with a loved one and they require residential care in a nursing home facility, it may still be possible to protect their assets and receive the support they need through Medicaid. The use of promissory notes coupled with a gift of assets has been approved in some cases in creating eligibility for […]
Medicaid eligibility is based on a number of factors, and having high value assets, substantial savings, or a monthly income above a modest threshold is usually disqualifying. However, many seniors are able to create eligibility for themselves through the use of instruments like trusts, promissory notes, and other fiduciary arrangements that allow the owner to […]
When it comes to the types of healthcare that many Buffalo seniors will require, even a well-off couple can be devastated by the associated costs. Medicaid is one way for a family to be able to access nursing home care for a spouse, while leaving the other with the resources required to live their life […]
For many seniors in Buffalo, retirement represents a time of life where they can finally enjoy the accomplishments of a lifetime of work and raising a family. But one thing people nearing retirement should consider is what happens to their legacy – the assets and wealth they intended to be left for their heirs – […]
The Suffolk County, New York Department of Social Services denied the applicant’s Medicaid claim for nursing home benefits on the grounds that she transferred assets for less than fair market value during the applicable look-back period. To be eligible for New York Medicaid, an individual must have no more than $14,550 in non-exempt resources. When […]
How To Find The Best Nursing Homes In Buffalo & Rochester, NY You can compare Buffalo and Rochester, New York nursing homes at Medicare’s website: http://www.medicare.gov/nursinghomecompare/search.html. Enter the city or zip code in the search box. A list of three New York nursing homes at a time will appear for you to compare. The Centers […]
A Buffalo, New York, enhanced assisted living facility must meet the following requirements to admit residents: Assessment by a qualified person 30 days prior to admission; Medical evaluation within 30 days of admission, when there is change in the resident’s condition, and once every 12 months thereafter; Recording of information on significant medical history and […]
Assisted living residences (ALR) are the fastest growing form of residential housing for U.S. senior citizens. 30,000 ALRs house almost 750,000 residents. The New York Assisted Living Reform Act (ALRA) defines an ALR as “an entity which provides or arranges for housing, on site monitoring, and personal care services and/or home care services (either directly […]
This seminar will be presented at the Clarence Senior Center,4600 Thompson Rd, Clarence, New York on Monday, September 8, 2014 at 1:30 pm. Speakers are Robert Friedman, Attorney of Friedman & Ranzenhofer, P.C .and Jeff Vastola, CLU of M&T Securities. Learn how to preserve your assets and plan for incapacity with powers of attorney, health […]