Medicaid-Why you and your farm should care.
Medicaid – What is it and why should you (and your farm) should care? Our law firm frequently gets calls from clients wanting to inquire about making a Last Will and Testament or appointing someone as Power of Attorney. This is quite often prompted by the death of a loved one, the diagnosis of an unexpected illness, or being told of a negative estate experience by a friend or neighbor. Estate planning at any stage of life is something we would always encourage, but there is an aspect of planning that we often times find overlooked and that is planning in advance for Medicaid. There is much confusion about not only the difference between Medicare and Medicaid, but how and what each program covers specifically. For the purposes of this article, we will be focusing the discussion on long term care needs such as the expense of a nursing home. For that discussion, the only important thing to note about Medicare, including Medicare supplement insurance, is t...