Category Archives: Medi-Cal Gifting Walnut Creek

You Can Self-Insure For Your Long Term Care

Through our elder law firm, you can explore the possibility of self-insuring for your long term care, using what are referred to as “legacy assets.” Your portfolio may contain assets that you are not presently relying upon for your support, and that you keeping for a “rainy day.”  In the back of your mind, the […]

Medi-Cal Qualification and the Home – Contra Costa Elder Law Attorney Michael J. Young

Click here to watch a video of  elder law attorney Michael J. Young of Walnut Creek, CA talk about Medi-Cal qualification and the home. Medi-Cal Qualification and the Home You can have a home and qualify for Medi-Cal. You can also take steps to protect your home from a Medi-Cal lien.

Elder Law Attorney Michael J. Young discusses life insurance as it pertains to Medi-Cal and long term care planning

Click here to watch elder Law Attorney Michael J. Young discuss life insurance as it pertains to Medi-Cal qualification and long term care planning There are several things you should know with regard to life insurance and qualification for Medi-Cal. In addition, there are long term care opportunities using life insurance policies. Click above to […]

Medi-Cal, Capital Gains and the Home

In previous blogs, we have discussed how we can establish the home as an “exempt asset” for qualification for Medi-Cal. Your elder law attorney can help you take the steps necessary to exempt your home and help you qualify for Medi-Cal. However, if your home is in your estate when you pass away after having […]

Medi-Cal Gifting Rules for a Single Person

Click the link below to find out about the Medi-Cal gifting rules for a single person.  Medi-Cal presently has a 30 month look-back period for gifting. The period of ineligibility starts when the gift is made. When the Deficit Reduction Act (DRA) rules are adopted in California, there will be a five year look back […]

Asset Protection, Medi-Cal and Financial Durable Powers of Attorney

Asset Protection, Medi-Cal and Financial Durable Powers of Attorney Specialized Language is required in Financial Durable Powers of Attorney for Asset Protection and Medi-Cal planning. Most Financial Durable Powers of Attorney do not have the required language to make gifts and transfers of assets, like the home, for asset protection and Medi-Cal Planning. Click Here […]

April 2015 CA Medi-Cal Quick Reference Guide (APPR Change)

The State of California has changed the Average Private Pay Rate – Divestment Penalty Divisor (APPR) for Medi-Cal qualification for 2015. A brief listing of the Medi-Cal qualification requirements with this change is set forth below: Community Spouse Resource Allowance (CSRA) $119,220 This is the amount that the community, or (at home) well spouse can retain in […]

Will Medi-Cal Let Me Make Gifts To My Wife Without Penalty?

Will Medi-Cal Let Me Make Gifts To My Wife Without Penalty? YES!  For qualification for Medi-Cal, there is presently a 30 month look back period for making gifts. But this look back period does not apply between spouses. We have discussed in previous blogs how to properly transfer the home between spouses in order to […]

Will Medi-Cal Take My Home?

We often receive calls in our office from people asking, “Is Medi-Cal going to take my home?” The answer to this question should be NO through proper long term care planning with your elder law attorney. To understand the issues involved, we must first look at the Medi-Cal regulations. In addition we must confirm that […]