The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures.
Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. It is the responsibility of each retiree to take out the correct RMD from their retirement account each year.
Assisted living facilities support older adults with daily living while fostering their independence. Individuals who do not require round-the-clock nursing but need help with everyday activities like bathing, housekeeping, medications, and meal preparation can benefit from assisted living.
My brother passed away, and my dad is now dividing up the life insurance with his other children. How will this affect him if he needs to go on Medicaid in the near future?
If my parents transferred their house to me and my siblings, and they only are two years into a five-year lookback and are now in assisted living, can we simply transfer the house back to them when their assets run out in order to receive Medicaid?
