Medicaid Planning

Haans Mulder | Holland Attorney

Medicaid and Reverse Mortgages: The Good, the Bad, and the Ugly

You or your parent may want to live at home as long as possible. But, that sometimes isn’t financially feasible due to the cost of in-home care. Fortunately, there’s a planning option in situations like these. It’s called a “reverse mortgage.” It’s essentially when a loan is taken out against the equity in the home …

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Haans Mulder | Holland Attorney

Don’t Lose Your Medicaid Eligibility When Redetermination Is Restarted

If you have a spouse, parent, or other family member who is on Medicaid, that person hasn’t had to meet the financial eligibility rules since June 1, 2020. At that time, the State of Michigan changed its policy so that people can remain on Medicaid even though they have too many assets. As part of …

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Medicaid Redetermination Process Resumes on May 11, 2023

In response to COVID-19 and the federal Public Health Emergency, the Michigan Department of Health & Human Services (MDHHS) suspended all Medicaid redeterminations. Since June 1, 2020, benefits have continued without the MDHHS confirming that a Medicaid recipient is still eligible for benefits based on assets and income. The federal Public Health Emergency will end …

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Medicaid Policy: What you Need to Know about Hiring Individuals to Provide Care

I find that most people are already aware of the five year look back period that impacts Medicaid benefits to cover expenses for in-home care, assisted living, or nursing home care.  The Department of Health and Human Services (“DHHS”) must be told about all transfers within five years of applying for benefits that were for …

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Promissory Notes Losing Value in Medicaid Planning

The Department of Health and Human Services (“DHHS”) that processes applications for those who need assistance paying for assisted living or nursing home care has changed the treatment of promissory notes. Formerly, Medicaid-compliant promissory notes were non-countable assets that did not really impact eligibility for benefits.  But now, promissory notes are always going to be: …

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