Rosenlawandfinance.com

Annuities that are Considered for MassHealth Eligibility

WEBWendy could convert $150,000 to an immediate annuity guaranteeing her a lifetime income stream, at which point Harry would immediately qualify for MassHealth coverage. A …

Actived: 7 days ago

URL: http://rosenlawandfinance.com/annuities-that-are-considered-for-masshealth-eligibility/

MassHealth and Your House – Rosen Law & Finance

WEBFor example, a nursing-home resident who owns an $800,000 home has a $50,000 “countable” asset, and will be ineligible for MassHealth coverage. In this situation, there …

Category:  Health Go Health

MassHealth Treatment of Assets – Rosen Law & Finance

WEBTo be eligible for MassHealth, you can’t have more than $2,000 in “countable” assets in your own name. Countable assets basically include everything except for the following …

Category:  Health Go Health

Summary Table: Income and Assets as Categorized Under …

WEBAssets. Income. Countable. Exempt. Community Spouse Exempt. Institutionalized Spouse Countable. Bank Deposits (Savings, Checking, Money Market, CDs) House (up to

Category:  Health Go Health

MassHealth Treatment of Income – Rosen Law & Finance

WEBMassHealth Treatment of Income. When a nursing home resident becomes eligible for MassHealth, all of his or her income, less certain deductions, is paid to the nursing …

Category:  Health Go Health

Asset Protection During Disability and Elder Care

WEBIn the years leading up to retirement (and maybe even during retirement), you work hard to build a “nest egg.” Many factors determine whether your retirement savings are …

Category:  Health Go Health

The Limited Value of Medicare and Medicaid – Rosen Law & Finance

WEBMedicare Medicare was established by the government to cover some expenses for a limited time during disability or old age. Medicare pays less than 25% of long-term care …

Category:  Health Go Health

MassHealth Treatment of Asset Transfers – Rosen Law & Finance

WEBSome asset transfers can trigger a period of ineligibility based on the state’s average private-pay cost of nursing home care. In Massachusetts, for instance, the penalty is …

Category:  Health Go Health

Medicaid and MassHealth – Rosen Law & Finance

WEBIf you don’t have long-term care insurance, then nursing home care is generally paid out of pocket. There are advantages to paying privately for nursing home care, especially if …

Category:  Health Go Health

What is an Estate Plan

WEBYour “estate plan” is a legally binding plan that defines how your wealth will be managed if you need to be cared for in sickness, plus how your wealth will be distributed after your …

Category:  Health Go Health

Understanding the Importance of Estate Planning

WEBPeople generally don’t give much thought to their own deaths while they are alive. But when it comes down to the inevitable, not planning properly for estate management and …

Category:  Health Go Health

A Living Trust and Living Probate – Rosen Law & Finance

WEBA Living Trust, if well written, can help you avoid the expense and lengthy process of Living Probate. There is a section in the Living Trust that lays out exactly how you want your …

Category:  Health Go Health

Nursing Home Asset Protection – Rosen Law & Finance

WEBThe case for asset protection. In the 21st century, people are living longer than ever before. In cases where people have become mentally or physically disabled due to illness, injury …

Category:  Health Go Health

Estate Planning Blog – Rosen Law & Finance

WEBAn annuity is a financial product that grows while being funded and provides a regular stream of payouts at a later date. It is a contractual financial product, and is sold by …

Category:  Health Go Health

Estate Planning Blog – Rosen Law & Finance

WEBAn annuity is a financial product that grows while being funded and provides a regular stream of payouts at a later date. It is a contractual financial product, and is sold by …

Category:  Health Go Health

Important Long-Term-Care Planning Documents – Rosen Law

WEBDurable Powers of Attorney and Healthcare Proxies Health and safety are paramount concerns, so step one in the planning process is choosing your designated agents and …

Category:  Health Go Health

The Complete Estate Planning Portfolio – Rosen Law & Finance

WEBRevocable Living Trust: With a Revocable Living Trust, your family will avoid Living Probate, Death Probate, and can reduce or completely avoid state and federal estate taxes.

Category:  Health Go Health

Choose Your Investment Advisor as Carefully as You Choose Your …

WEBIf you want a mechanic to be able to fix what’s wrong with your car, you must let him know about any peculiar sounds you hear (even if it requires admitting you shifted into reverse …

Category:  Health Go Health

Estate Planning – Rosen Law & Finance

WEBLaying the Groundwork for Understanding Your Estate. Your “estate” includes every asset that you own or have interest in, including real property, investments , business …

Category:  Health Go Health