Welcome to the Elder Care Resource Planning Blog

Making Sense of Elder Care Benefits

Saving the Home From Medicaid

Elder Care Resource Planning is committed to helping American families understand and access their Medicaid and Veteran’s benefits successfully.  Our mission is multifaceted and the primary goal is to obtain benefits for those in need of long term care.  This frequently impacts not only the elder’s well-being and finances but often affects the elder’s loved ones, and frequently the home. We are often asked how one can protect the home of the Medicaid recipient from estate recovery. Following are some facts about how Medicaid treats the home and some suggestions on how other families have successfully dealt with protecting the home from recovery. If the elderly is single and his or her principal place of residence is their home (or condominium), it is an excluded asset during the Medicaid recipient’s lifetime—subject to a few restrictions discussed below. There are limits to the value of the house owned by a single person. Federal law says the equity interest (fair market value, less mortgage) in the home must not exceed $814,000 to be protected. The states, which run the Medicaid program separately for each state on behalf of the federal government, can reduce this value. If the Medicaid recipient is married and the community spouse remains in the home, the home is excluded regardless of the value. The home consists of the building, the land it sits on, and all contiguous land and outbuildings. During the life of the recipient, if he or she is single and moves into assisted living or a nursing home but intends to return home, no matter how unlikely, he or she should express his or her intentions by executing...

Why We Do What We Do

 The Urgent Case for Elder Care Planning There’s a coming elder care crisis in our country. Everyday 10,000 people turn 65. Medicare and health insurance only cover therapeutic medical services. Yet, elders often need basic assistance with getting out of bed, getting dressed, and getting a healthy meal. As their needs change, they rarely can afford the additional help out-of-pocket with their fixed income and limited resources. Financial assistance is available in many forms. For example, we track over 450 different programs that help seniors afford their care and continue to live independently or in care communities. However, these programs are poorly known and even harder to access. Families often give up in frustration trying to navigate the bureaucracies. Further, innovative financial products can help families to stretch their resources while a wide range of new information technologies are making elder care safer and more affordable. We help families make the most of the available benefits, financial resources, and technologies to make a sustainable and affordable long term care plan. We are a family business committed to helping aging Americans. We are an integrated team of technology, benefits, financial and legal advisers. Together, through personalized and comprehensive planning, we provide advisory solutions to make elder care affordable. Our clients are deeply appreciative. Through working with their ECR Planning benefits adviser, they were able to discover new programs and access new financial assistance for their parents and loved ones. ECR Planning fees are more affordable than an elder law attorney or specialized Medicaid planners, while our expertise is broader and more specific to middle and lower income seniors. If your...
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