Outreach and education are so important when it comes to identifying benefits for those who may be eligible. ALTCS (Arizona Long Term Care System) and the VA (Veteran’s Administration) Pension program are two benefits that I frequently discuss. Most of the time I get a statement of, “well, I know I can’t have [...]
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We agree, at JacksonWhite, that there are many wonderful group homes that provide excellent care. They meet a niche in the long term care continuum that is certainly a valued addition. However…
If your loved one is in a group home or you are a social worker referring to group home – beware. If the group [...]
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Posted in Asset Protection on May 13th, 2009
One of the more common mistakes people make when it comes to long-term healthcare is waiting too long before making any plans or preparations. This can cause problems if the person applies for a benefit program such as Medicaid/ALTCS. Making advance preparations can prevent these problems.
You should take steps to plan for long-term healthcare if [...]
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Posted in Asset Protection on May 8th, 2009
A major concern for many ALTCS applicants is the issue of preserving assets. ALTCS applicants can preserve assets to a varying degree depending on their particular circumstances. Whether the applicant is married or has dependent children heavily impacts the amount of assets that can be preserved.
It is generally easiest to preserve assets in cases where [...]
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Using joint bank accounts when financing long-term care can be beneficial for many reasons. For example, it can be helpful to establish a joint account from which a son or daughter can draw to help an aging parent with shopping or paying bills. Likewise, seniors in nursing homes might find it useful to establish a joint [...]
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