Medi-Cal planning is one of the most important yet misunderstood parts of estate and long-term care planning for California families. In this episode of Estate Planning Beyond the Binder, Brian Chew, managing partner of OC Wills and Trusts, explains how seniors can qualify for Medi-Cal benefits while protecting their homes and...
Over 72 million Americans currently participate in Medicaid, a federal program designed to provide medical coverage for qualifying seniors, children, pregnant women, low-income individuals, SSI recipients, and patients with disabilities. Some states also fund expanded Medicaid programs for residents.
Many patients need the long-term coverage...
Medicaid is a joint federal and state program which offers long term care for seniors. In the state of California, Medicaid is referred to as Medi-Cal. With rising healthcare and nursing home costs, more and...
Governor Jerry Brown approved legislation last year that limits California’s estate recovery from low income recipients of Medi-Cal. The new law took effect on January1st of this year, and it considerably limits the power of the state of California to...
When you pass on, you probably hope to distribute whatever assets you have left to your family and friends. But did you know that the State of California might end up seizing your estate depending on what sort of healthcare benefits you received from the government before you died?
Many people...
Many Americans rely on the government to pay for their very expensive long term care costs. The Federal and state governments usually work together to assist those in need through their respective Medicaid programs. In California, these benefits are managed by Medi-Cal, which is a means tested program....
Despite the fact that you planned ahead, you find yourself in need of help paying for long term care. The options are limited, but may include Medicaid or Veterans Benefits of Aid & Attendance Pension. For eligibility purposes, the government will determine whether you qualify for the benefit based on the amount of assets...
Although Medicaid eligibility rules vary from state to state, federal minimum standards and guidelines must be observed.
Medi-Cal
Medi-Cal will pay your long term care expenses if you have less than $2,000 in liquid assets (cash & securities). However, for most seniors, qualifying for...
