I Can't Keep Maintaining My Mother's House, So Can I Sign Over the House to Medicaid?
My mother is in a nursing home and has been on Medicaid for the last year. I am no longer able to pay for the maintenance of...
Read moreBuckley Fricker, J.D., GCM, CSA. Elder Care: The Road to Growing Old Is Not Paved. Bellview Publishing. 2012. 109 pages.
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Not only is the road to growing old not paved, but there is often no road at all and travelers need help to keep from falling into the chasms of financial loss and unnecessary dependency. It is rare to find a guidebook to this path that covers virtually all the legal, financial, housing and health care considerations of aging. It is rarer still for such a book to do so in barely more than 100 engagingly-written pages, but this is the case with Elder Care: The Road to Growing Old Is Not Paved.
This is perhaps no surprise because its author has remarkably wide-ranging training and experience in the elder care field. A former elder law attorney, Buckley Fricker is also a geriatric care manager, a Certified Senior Advisor, a college teacher who lectures on elder care topics, and the operator of a concierge service for seniors in the Washington, D.C., area. The book grew out of her work as a teacher; her students wondered why all the great stuff she was teaching them wasn’t available between two covers.
Like many books of its kind, Elder Care explains the three major programs that affect the lives of the elderly -- Medicare, Medicaid and Social Security -- and also includes the customary chapters on estate planning and long-term care insurance. But it explains them with unusual clarity and then goes far beyond, discussing useful topics such as how to get senior services at home, the different pension benefits available to veterans, how to fund old age other than with Social Security, locating realtors who specialize in the needs of seniors, and identifying the warning signs of Alzheimer’s disease. The book also offers a user’s guide to the growing panoply of professionals available to help with the health care needs of the elderly.
Although the book is intended as a reference manual to be dipped into as questions or problems arise, it is highly readable thanks to Fricker’s clear writing style and the many examples she provides. The confusing patchwork of programs, services and facilities that confront the aged in our society are succinctly explained. Fricker emphasizes that her discussions are only the tip of the iceberg and that consultation with qualified professionals, especially elder law attorneys if legal work is involved, is often required. Elder Care can be a great way to prepare for an informed discussion with an attorney, but it also gives consumers and professionals alike the kind of invaluable, smart overview that can warn them of the muddy sections and steep drop-offs that lie ahead on the road to growing old.
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Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MORELearn who qualifies for Medicare, what the program covers, all about Medicare Advantage, and how to supplement Medicare’s coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
READ MORE