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Medicaid Power Point 2011

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afutterman

2011 New York Medicaid

1 de 31
Elder Law & Medicaid Planning Futterman & Lanza, LLP 222 East Main Street, Suite 314 Smithtown, New York 11787 631-979-4300. Attorneys & Counselors at Law Copyright © 2011 Futterman & Lanza, LLP
Vision Statement ,[object Object]
What is long-term care? ,[object Object],[object Object],[object Object],[object Object]
What are the costs of long-term care? ,[object Object],[object Object],[object Object]
Who is exposed to these costs? ,[object Object]
How do you pay for long-term care? ,[object Object],[object Object],[object Object],[object Object]
Medic aid ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Medicaid Eligibility ,[object Object],[object Object]
Medicaid Financial Eligibility (Nursing Home) ,[object Object],[object Object]
Resources ,[object Object],[object Object],[object Object]
Exempt Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income ,[object Object],[object Object],[object Object]
Transfers ,[object Object],[object Object]
Look Back Period ,[object Object],[object Object],[object Object]
What is DSS Looking For? ,[object Object]
What if DSS discovers a gift was made?
Penalty Period ,[object Object],[object Object],[object Object]
Penalty Period ,[object Object]
How long is the penalty period?
Penalty Period Calculation ,[object Object],[object Object]
Current Average Monthly Costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exempt Transfers ,[object Object],[object Object],[object Object],[object Object]
EXAMPLE ,[object Object],[object Object]
EXAMPLE ,[object Object]
EXAMPLE ,[object Object],[object Object]
Footnotes ,[object Object],[object Object]
Options for the Homestead ,[object Object],[object Object],[object Object],[object Object]
Homestead – Sell it or Gift it ,[object Object],[object Object]
Homestead – Life Estate ,[object Object],[object Object],[object Object],[object Object]
Homestead – Transfer Into Trust ,[object Object],[object Object]
Homestead – Exempt Transfers ,[object Object],[object Object],[object Object],[object Object],[object Object]

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Medicaid Power Point 2011

  • 1. Elder Law & Medicaid Planning Futterman & Lanza, LLP 222 East Main Street, Suite 314 Smithtown, New York 11787 631-979-4300. Attorneys & Counselors at Law Copyright © 2011 Futterman & Lanza, LLP
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  • 16. What if DSS discovers a gift was made?
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Notas del editor

  1. Co-pay 109.50 (2004)