Effective January 1, 2022, the maximum annual contribution to an ABLE account is $16,000 (up from $15,000). Florida was among the first states in the nation to establish ABLE saving accounts. ABLE is the acronym for “Achieving A Better Life…
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Many Florida seniors and their families incorrectly assume they will not qualify for Florida Medicaid benefits for long-term care because they do not appear to meet all the financial criteria. This post tells tells you how, with guidance from…
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It is a common misconception that you cannot get Medicaid benefits for long-term nursing care until you “spend” down” your nest egg. Depending on your specific circumstances, there are a variety of legal tools that can be employed…
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The eligibility criteria for Florida Medicaid benefits are always changing. Our Florida elder law attorneys stay current with every change. With expert planning from The Karp Kaw Firm’s attorneys, your loved one may qualify for benefits without you having to…
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Many people have misconceptions about the rules for obtaining Florida Medicaid benefits for nursing home costs. This is not surprising, considering that the Medicaid program is vast, and its rules are complex and differ from state to state. Before clients…
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The cost of long term care in all forms continues to increase, to no one’s surprise. The 2020 Genworth Cost of Care Survey was just released, revealing continuing cost increases in Florida as well as nationally. Costs in 2020 of…
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Many Florida seniors who require nursing home care incorrectly assume they will not qualify for Florida Medicaid benefits because they do not initially appear to meet all the financial criteria. This post tells you about recent changes in those criteria,…
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The American Association for Long-Term Care Insurance reports that as of January 1, 2020, 7.5 million Americans have some form of long-term care insurance. If you are thinking about purchasing a long-term care insurance policy, you should take into consideration…
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Every Florida adult needs a valid Durable Power of Attorney. This essential legal document gives one or more people – your “agents” – the authority to handle financial matters on your behalf. It provides you with important protections, one of…
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Florida rules for long-term nursing care are complicated and are actually a combination of both state and federal regulations. Among the rules of great importance for married couples is the Minimum Monthly Maintenance Needs Allowance, or MMMNA. What is the…
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