Although Medicaid generally does not cover room and board or other expenses associated with assisted living, there are some exceptions.
Read MoreScams 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.
Read MoreMedicaid 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.
Read MoreIf 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.
Read MoreWhile reverse mortgage payments will not limit your ability to obtain Medicaid, they can still have an impact because of asset limits.
Read MoreIf 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.
Read MoreA 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.
Read MoreIf your parent is already in the later stages of dementia, he or she is not able to provide POA through conventional methods. Once a person is no longer capable of making his or her own decisions due to dementia or any other reason, you will need to go through the courts to obtain power of attorney.
Read MoreA person with dementia may or may not be able to sign legal documents, depending on their current mental capacity.
Read MoreA person can only legally sign a document such as power of attorney if they understand it. If they are in the latter stages of dementia, this may not be possible. In that situation, you are not automatically in charge of the parent’s finances. You must go to court to obtain legal authorization.
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