The Saga of Clarence and Elsie – If you think you did everything right, think again

Clarence and Elsie were the envy of all who knew them.  Friendly, kind, and content, this happily married couple were sometimes asked for the secret to their long and happy life together.  “We never argued about money,” replied Clarence. “We worked hard, spent prudently, saved, and invested wisely with professional help.”  Observed Elsie, “We put our kids through school, paid for their weddings, and managed to set aside a nice little nest egg.  Now, in retirement, we live comfortably without struggling to pay our bills.  We travel and we spend quality time with our grandchildren. What’s to argue about?”

What is Long-Term Care and Who Needs It?

According to the U.S. Department of Health and Human Services, 70% of people who reach age 65 will need some form of long-term care during their lives.  “Long-term care” refers to those services and supports that might become necessary to perform everyday tasks and personal care needs. Determining the Level of Care Everyday tasks, sometimes

Funding a Special Needs Trust with Life Insurance: The Basics

Among the many challenges for families is making sure there will always be enough money to provide lifetime care for their special needs children. The costs are daunting: therapies, housing, medical care, and education, to name just a few. One way to plan for this challenge is to set up a special needs trust. Families of

What Is “medicaid”?

Many people confuse “Medicaid” with “Medicare”. Medicaid, also referred to as Medical Assistance, is a state-operated program in compliance with federal guidelines. It was created in 1965 at the same time as Medicare in Pennsylvania. The Medicaid program is operated by the Pennsylvania Department of Human Services through a series of field offices called County Assistance Offices. Medicaid and Medicare are separate programs. These programs were enacted by the federal government.

Must My Children Pay for My Nursing Home Care If I’m Broke?

No, provided you qualify for Medicaid benefits when your funds are gone. That won’t happen if you give away your home or money without proper guidance from an elder law attorney. Medicaid benefits will also be denied and your spouse and children put at risk if an application is not properly documented.