Medicaid

When thinking about long-term care, one of the biggest worries is losing your home to qualify for Medicaid. Many people assume they must sell or spend down their property first. In New York, the rules are more flexible than most realize. With the right planning, you...

Medicaid in New York is on the verge of big changes- it will go from never having imposed transfer penalties for Community Medicaid to imposing penalties for transfers of assets or gifts made on October 1, 2020 and thereafter. Although Medicaid is not to impose a...