While many seek to delay it or erase the signs of aging, the reality is that we all age and need to consider various factors that come with getting old and entering our elder years. Because we cannot predict the future, it is important to project possible needs and...
Ideally, Connecticut residents can start planning to go on Medicaid for years ahead of when they will need the program to support their nursing home stay and long-term care. However, for many different reasons, some people may not be able to think about Medicaid...
Medicaid has an asset limit. If you own assets above this limit, you often do not qualify for Medicaid. Before you run out and sell off your assets to qualify, you should know about Medicaid’s look-back period. The look-back period starts the date of your Medicaid...
As our parents age, we grow concerned about their ability to care for themselves. This is a legitimate worry given that about 70% of those age 65 and older end up with long-term care needs, which may include a nursing home stay. But for many older adults, moving into...
Loved ones often urge their aging family members to get their affairs in order. Commonly, they are referring to the estate planning process and creating documents such as a will, trust, power of attorney and living wills. While these are important documents, it is...
Even if you’re healthy now, there’s a fair chance that you’re going to need long-term care at some point in your life. This care, whether received in a facility or at home, can be extraordinarily expensive. Most people don’t have the resources to pay for this care on...
The average age of a Connecticut resident is growing older. This trend is in line with the rest of the U.S. More attention will need to be paid to the level of long-term care that you will eventually require. This area is where transferring your Individual Retirement...
If you are a low-income senior in Connecticut, you can use a combination of Medicare and Medicaid to pay for your long-term care. The Omnibus Budget Reconciliation Act of 1993 allows states to try to recoup money spent on that care after the person dies. The Medicaid...
Connecticut offers two types of Medicaid for seniors. HUSKY part C covers people age 55 and older who need long-term care while HUSKY part D covers those between 19 and 64 who do not have dependent children and fall below 138% of the federal poverty level. Connecticut...
Sometimes, you might need to make the decision for a Connecticut family member to move into a nursing home. Medicaid is often one of the most common ways for residents to cover the costs of staying in this type of facility, but there are a few rules to consider before...