The California Department of Health Care Services recently announced new Medi-Cal resource numbers for 2019. In All County Welfare Directors Letter (ACWDL) 18-28 the Community Spouse Resource Allowance (CSRA) was increased to $126,420 and the Minimum Monthly Maintenance Needs Allowance (MMMNA) was increased to $3,161 for 2019. The CSRA is the amount of non-exempt assets that the spouse of a…
“Retiring certainly isn’t for the faint-hearted,” Lily said as she shuffled through a pile of papers on her kitchen table. “I can’t believe all of this paperwork.” Her husband, George, scowled. “Why are you even messing with that stuff? We decided not to claim Social Security for a few more years so we can maximize the benefit. And you’re not…
There are so many ways for parents to leave inheritances to their children as you can imagine. These are a few of the common approaches that parents seems to like, each of which can be tailored to a given family. IF YOUR CHILDREN ARE MATURE ADULTS: Outright Distribution If your children are adults, and you have no concerns for their…
$8,000-$12,000 is an overwhelming amount to add to any monthly budget, but the most important thing is to understand there is no reason to panic – eligibility planning can be done. We’re excited to announce that our Medi-Cal Eligibility Planning Presentation featuring Kirsten Howe is AIRING on Contra Costa Television (CCTV) Comcast Channel 26 NOW through March 31st. Show times are: Mondays, Wednesdays, Thursdays, and…
If you are over the age of 55 and thinking about moving, consider this: you may be able to take your low property taxes with you to your new home. Thanks to Proposition 13, which was passed by California voters in 1978, real estate in California is no longer reassessed at its fair market value for property tax purposes every…
This is another installment in our series on Medi-Cal planning. In this blog post we discuss common eligibility problems and a few of the tools we can use to solve them. Once we have analyzed our client’s situation and see why they are ineligible, either because they have too much income, too much assets, or both, we can create a…
Eligibility requirements relating to assets This is another installment in our series on Medi-Cal planning. We have been discussing Medi-Cal eligibility from the standpoint of income. In this blog post we will discuss eligibility requirements relating to assets. In analyzing our client’s situation we have to consider assets. If the client’s assets are of a value greater than what Medi-Cal…
This is another installment in our series on Medi-Cal planning. We are focusing on the income requirements for Medi-Cal eligibility. In our last blog post we discussed income in the context of in-home care. Here we look at nursing home care. Nursing Home Medi-Cal The income calculation for nursing home Medi-Cal is slightly different from in-home Medi-Cal. There is almost…
