Resources
You may be exempt if you qualify for and obtain a waiver. Another option is to put your home and other assets in an irrevocable trust.
Long-term care is extremely expensive if not covered by insurance. The LTCIP allows people to obtain insurance so they can afford their long-term care in the future.
There are many factors to consider when choosing to sell your parents’ home. We can assist you with your options to make the decision easier and less stressful.
Although Medicaid generally does not cover room and board or other expenses associated with assisted living, there are some exceptions.
Scams are more prevalent than ever and criminals put a lot of focus on older people. As your parents age, it is helpful to become more involved in their financial affairs.
Medicaid provides medical insurance coverage at little or no cost based on qualifications. Medicare is a national federal medical insurance program for those aged 65 and older.
If your parent is in the hospital or needs help with benefits, you may be able to submit a Medicaid application on their behalf. Also, a person who has guardianship over a person or has legal authority by way of power of attorney is also able to interact with Medicaid.
While reverse mortgage payments will not limit your ability to obtain Medicaid, they can still have an impact because of asset limits.
If you are age 65 or older you are automatically eligible for Medicaid benefits. If you are under age 65 but have low income or disabilities, you may also qualify for benefits through the program. If you need assistance applying for Medicaid or with the appeal process, contact our legal team.
A reverse mortgage does not affect standard or disability social security or Medicare. However, if you are the recipient of supplemental security income, (SSI), a reverse mortgage will impact you.
Copyright ©2026 Moen Sheehan Meyer, Ltd. | Legal Disclaimer | Sitemap
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.