FIFTEEN MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE MYTH 2

This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 2: I Have to Give Away Everything I Own to Get Medicaid. The Truth: Certain assets are non-countable or exempt and are typically not considered when an individual…

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FIFTEEN MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE

This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth1: Medicare Will Cover My Nursing Home Bill. The Truth: Medicare pays for only a small amount of the nursing home care provided in the United States. In general,…

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Achieving Better Life Experience

Do I have to spend down my entire settlement or inheritance to be able to keep my Supplemental Security Income (SSI)? No! There is a new savings tool available to individuals with disabilities called the ABLE account. ABLE stands for Achieving a Better Life Experience. This Act was passed in December 2014, and it allows…

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When Should You Update Your Estate Planning Documents? The Five Ds

Legal documents are meant to reflect your current life circumstances and wishes, so they should change as your life does. In the estate planning world, we refer to the “5 Ds.” These are significant shifts that can serve as reminders to consider updating your documents. Divorce (or Marriage)– If your marital status changes, you should…

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