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Senior Source Newsletter July 2012

Senior Source Newsletter July 2012 The Future of Medicaid and Medicare In our March issue, we reported about the federal government’s efforts to decrease spending in 2011 by making sweeping cuts to...

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Senior Source Newsletter January 2012

Senior Source Newsletter January 2012 The Importance of Planning Early “Planning is bringing the future into the present so that you can do something about it now.”   Alan Lakein, American author and...

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South Carolina Medicaid Estate Recovery and Lien Process

South Carolina Medicaid Estate Recovery and Lien Process When an individual receiving Medicaid benefits in the state of South Carolina dies, the state is required to attempt to recover from his or her...

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Medicaid Asset Protection & Spending Down

Medicaid Asset Protection & Spending Down Applicants for Medicaid and their spouses may protect savings by spending them on noncountable assets.  These expenditures may include: In the case of...

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Medicaid Planning: Protection of Home & Irrevocable Trust

Medicaid Planning: Protection of Home & Irrevocable Trust Another method of protecting the home from estate recovery is to transfer it to an irrevocable trust.  Trusts provide more flexibility than...

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Medicaid Planning & Asset Protection

Medicaid Planning & Asset Protection Congress has established a period of ineligibility for Medicaid for those who transfer assets.  The DRA significantly changed rules governing the treatment of...

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