| Read Time: 2 minutes | Elder Law

How Do Annuities Work With Medicaid Eligibility?

Financial Advisor’s recent article, “Annuities Can Help or Harm Medicaid Eligibility,” explains that Medicaid rules include both asset limitations and income limitations. Annuities can be exceptionally beneficial for a retirement income plan, such as for an older individual facing long-term care costs.  However, the annuity will be viewed as a resource available for payment, which will make the applicant ineligible for Medicaid....

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| Read Time: 2 minutes | Medicaid

Michigan Legislature Looks At Medicaid Work Requirements

The Medicaid work requirement bill was sponsored by State Senator Mike Shirkey, a Republican from Clarklake. The Macomb Daily’s recent article, “Michigan lawmakers move toward work requirements for Medicaid recipients,” reported that the committee spent more than two hours reviewing the bill but did not take a vote to advance the legislation. Michigan is the fourth state to take up legislation that...

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| Read Time: 2 minutes | Elder Abuse

Illinois Cracks Down On Medicaid Issues

The Illinois Department of Human Services has 90 days from when basic Medicaid recipients apply, to determine if they are eligible for long-term Medicaid. If not, they’ll be automatically eligible for the long-term benefits, according to a recent ruling from a federal judge. The Cook County Record’s recent article, “Judge orders IL state agencies to move quicker on applications for long-term Medicaid...

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