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RECENT DEVELOPMENTS IN MEDICAID AND HEALTH CARE PLANNING 2011 BY ROBERT J. LONGSTREET, ATTORNEY AT LAW
MEDICAID VS. MEDICARE ,[object Object],[object Object],[object Object],[object Object]
MEDICAID ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
WHY DO WE CARE ABOUT MEDICAID ELIBILITY? ,[object Object],[object Object],[object Object],[object Object],[object Object]
MEDICAID QUALIFICATION REQUIREMENTS ,[object Object],[object Object],[object Object],[object Object]
AND IF YOU QUALIFY… ,[object Object],[object Object],[object Object]
THIS SOUNDS HORRIBLE!!!!
SOME GOOD NEWS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HOMESTEAD EXEMPTION ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],ONE AUTOMOBILE
PERSONAL PROPERTY ,[object Object],[object Object],[object Object],[object Object]
PRE-PAID FUNERAL CONTRACTS ,[object Object],[object Object],[object Object],[object Object]
EVERYTHING ELSE IS A “COUNTABLE ASSET” ,[object Object],[object Object],[object Object],[object Object],[object Object]
VALUING COUNTABLE ASSETS ,[object Object],[object Object],[object Object],[object Object],[object Object]
Valuing Countable Assets ,[object Object],[object Object],[object Object]
EXTRA EXEMPTION FOR “COMMUNITY” SPOUSE ,[object Object],[object Object],[object Object]
EXAMPLE:  Mr. Brown is entering a long term care facility.  Mr. and Mrs. Brown own the following assets: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
IF MR. BROWN APPLIED FOR MEDICAID: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WHAT ABOUT INCOME? ,[object Object],[object Object],[object Object],[object Object]
WHAT ABOUT THE REMAINING $80,000 THE BROWNS OWN?
WHAT ABOUT THE REMAINING $80,000 THE BROWNS OWN? ,[object Object],[object Object]
MEDICAID PENALIZES GIFTS ,[object Object],[object Object],[object Object],[object Object]
IF MR. BROWN GIFTS REMAINING $80,000 TO CHILD ,[object Object],[object Object],[object Object]
SO WHAT IS LEFT FOR CLIENTS TO DO? ,[object Object],[object Object],[object Object]
FOR A SINGLE CLIENT ,[object Object],[object Object],[object Object],[object Object]
FOR MARRIED CLIENT ,[object Object],[object Object],[object Object]
AS A REVIEW… REMEMBER MR. AND MRS. BROWN?
EXAMPLE:  Mr. Brown is entering a long term care facility.  Mr. and Mrs. Brown own the following assets: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WE CAN GET MR. BROWN ON MEDICAID IMMEDIATELY! ,[object Object],[object Object],[object Object]
MRS. BROWN ,[object Object],[object Object],[object Object],[object Object]
MR. AND MRS. BROWN SAVE 100% OF THEIR SAVINGS AND ESTATE ASSETS
DRAMATIC LAW CHANGE APRIL 1, 2011 ,[object Object],[object Object],[object Object]
Recent Example of New Law ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
IF YOU HAVE A NURSING HOME ISSUE…. ,[object Object],[object Object],[object Object],[object Object],[object Object]
GEE & LONGSTREET, LLP

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