People often think of the Medicaid program is a program only for low income children or families. While the Medicaid program does indeed provide assistance to low income children and their families, it can also provide critical healthcare coverage to older Americans. Unfortunately, many seniors are unaware that they may need Medicaid coverage at some point in the future and therefore fail to plan accordingly. This frequently leads to the question "When is it too late for Medicaid planning?" The … [Read more...] about When Is It Too Late for Medicaid Planning in Houston Texas?
As we age, most of us need additional medical care and treatment. The cost of that care can become prohibitive. Fortunately, both the Medicare and Medicaid program may be available to help defray the costs of healthcare during your senior years. In order to benefit from what the two programs have to offer you first need to understand the difference between the two. The Medicare program is funded and administered by the federal government. Medicare is paid for out of payroll taxes and Social … [Read more...] about Understanding the Basics of the Medicaid and Medicare Programs
Many people get Medicaid confused with Medicare, but there are many distinctions between the two programs. Medicaid, simply put, is a medical assistance program that's designed for disabled persons and low income, older people. It can also cover younger people who are receiving welfare from the government. Medicare, on the other hand, offers identical benefits to anyone enrolled regardless of their income level. Medicaid is actually managed by the individual states, so eligibility … [Read more...] about Tips for Medicaid Estate Planning