If you're applying for Medicaid, what happens if they say you have "too much income?" Elder Law Attorney Jim Koewler joins Suzanne to discuss this interesting scenario.

You would need to seek a lawyer, set up a qualified income trust, called a "Miller trust," and then you have to use that trust every month, in order to even qualify for Medicaid. Income is a monthly event, so watch your state's rules, which can be very complicated.

Learn more at http://www.protectingseniors.com or email Jim at jkoewler-afe@protectingseniors.com.

Lead image: courtesy of Pexels/Rodnae Productions

If you're applying for Medicaid, what happens if they say you have "too much income?" Elder Law Attorney <a href="https://answersforelders.com/specialists/jim-koewler/">Jim Koewler</a> joins Suzanne to discuss this interesting scenario.
You would need to seek a lawyer, set up a qualified income trust, called a "Miller trust," and then you have to use that trust every month, in order to even qualify for Medicaid. Income is a monthly event, so watch your state's rules, which can be very complicated.
Learn more at <a href="http://www.protectingseniors.com/">http://www.protectingseniors.com</a> or email Jim at <a href="mailto:jkoewler-afe@protectingseniors.com">jkoewler-afe@protectingseniors.com</a>.
Lead image: courtesy of Pexels/Rodnae Productions

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

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Empowering Seniors and their Families through the Daunting Journey of Aging

For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.

For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Empowering Seniors and their Families through the Daunting Journey of Aging
For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.
For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

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