Tag Archives: Medi-Cal Planning & Qualification

IRAs and Medi-Cal Qualification

The Medi-Cal applicant can have any amount of IRAs that are in his name, and still qualify for Medi-Cal. For instance, the applicant could have $200,000 or more in his name in IRAs, and still be eligible for Medi-Cal. IRAs and work related pension funds are also exempt from Medi-Cal qualification. The only requirement is […]

Medi-Cal and Life Insurance

An individual can have any amount of Term Life Insurance, and still qualify for Medi-Cal. Term life insurance has been defined as life insurance that pays a benefit in the event of the death of the insured. So if you have a life insurance policy that pays $10,000 upon your death to your son for instance, that […]

Finding Support For Alzheimer’s Patients:

If you are taking care of a loved one who has been diagnosed with Alzheimer’s disease, you are probably overwhelmed. You of course will need help. At the Law Offices of Michael J. Young in Walnut Creek, CA, www.WalnutCreekelderLaw.com, we suggest that our families begin by taking small steps. One of the first steps I […]

Alzheimer’s Is A Family Illness!

Our office represents many families who have a loved one who has been diagnosed with Alzheimer’s disease or another form of dementia. We typically will receive a call from the spouse or child of the person suffering from dementia. The person calling may tell us that their spouse or parent has become forgetful, is not paying […]

Baby Boomer Alert!

You should get your “Ducks In A Row” now. Many of us Baby Boomers, born between 1946 and 1964, have helped to take care of our elderly parents. Both of my parents are gone now, but my siblings and I helped our parents through their “Elder Care Journey,” which I talk about in my workshops. […]

Medi-Cal Qualification and Life Insurance

Term Life Insurance: You can have any amount of term life insurance and still qualify for Medi-Cal to help pay for your nursing home costs.  For example, lets say that you have a $100,000 term life insurance policy that provides for a distribution of $100,000 to your wife when you die. You can apply for […]

Protect Your Home From a Medi-Cal Lien With a Reserved Life Estate

Medi-Cal can pay for your stay in a skilled nursing facility if you qualify. Under the state’s regulations, your home can be confirmed as an exempt asset in the Medi-Cal application. This means that you can keep your home, if you are otherwise qualified, and still receive Medi-Cal. This is true whether you are single […]

It Is Difficult Being The Caregiver For Your Older Loved One

Many of our older clients are being taken care of by their spouse, or by one or more of their adult children or another family member. The older person of course appreciates the help, and the caregiver feels gratified in their role. The caregiver may also feel extremely guilty if they don not help. The […]

BEWARE OF SCAMMERS WHO PREY ON SENIORS

Scammers are consistently targeting older people. An older client of ours in Walnut Creek called us to ask how she could be taken to the airport so that she could give a courier $2,500 for a service fee. The service fee was apparently to ensure that she would receive $25,000 that she was told she […]

Dogs Have a Therapeutic Effect on Older People

My father spent some of his final months in a large assisted living facility. He was in his late 80’s, and was at times depressed and grouchy. Since the passing of my mother, he would not socialize easily, and would reject the entreaties of the resident ladies in the facility. He also would not participate […]