Many older adults are concerned about protecting their assets from the cost of long-term care that they might potentially need in the future. Sometimes they
In Massachusetts, nursing home costs average over $12,000 per month. Assisted living averages over $5,000 per month. While the costs of care continue to rise,
Medicaid is actually called MassHealth in Massachusetts, so they’re the same program. It’s a joint federal/state assistance program designed to pay for health care for
Roughly 90 percent of adults age 65 or older want to “age in place” in their homes and their communities. They like their communities and
No one likes to think about aging or needing assisted living services. However, the lifetime probability of becoming disabled in at least two activities of
What is a Life Estate? A life estate is a legal arrangement where someone (the life tenant) retains the right to live in and use
Medicaid is called MassHealth in Massachusetts. It’s a joint federal/state assistance program designed to pay for health care for individuals that meet certain income and
Clients often ask, “How much can I gift someone without incurring taxes?” While Massachusetts has no gift tax, there is a federal gift tax, albeit
Navigating the Maze: Understanding Medicare, MassHealth, and Medicaid Healthcare can be confusing, especially when it comes to government programs. Medicare, Medicaid, and MassHealth are three
It’s estimated that 70% of people over the age of 65 will require some type of long-term care services during their lifetime. In the Boston
