Avoiding the Medicaid Trap: How to Beat the Catastrophic Costs of Nursing-Home Care

by Armond D. Budish and Budish A.

Book Overview

Addressing a major problem facing America's middle-class elderly, a guide to making sense of recent changes in Medicaid law helps readers protect real estate and financial assets and avoid penalties... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0805034269
• ISBN13: 9780805034264
• Release Date: January 1995
• Publisher: Henry Holt & Company
• Length: 344 Pages
• Weight: 2.45 lbs.
• Dimensions: 1.1" x 8.8" x 11.3"

Customer Reviews

Watch for New Rules

This is a great book, but be careful of Medicaid rule changes that make some of the strategies unfeasible nowadays.

This Book Needs to be Reprinted

For the middle class - getting sick in your old age forces you into extremme state of humiliation. For years you worked to secure a retirement for yourself and your spouse - and than the cost of medical care - the parts that MEDICARE does not cover leaves you in a desparate situation. The medical costs are more than you can bear - you are responsible for your medical, skilled nursing, home care, ambulance service, prescription drugs etc. Paying these bills in a long term illness - impoverishes the spouse who is left after the debilitating illness takes the sick one's life. I have no objection that saved wealth would not be transferred to one's descendants - but a system has to be put into place that protects the spouse that remains alive. Mr. Armond Budish in this fine book - provides one legal and moral techniques to allow one the best opportunity to save a reasonable portion of one's wealth so that the surviving spouse does not end up totally destitute. in most cases the surviving spouse's health has taken a precarious toll in taking care of the sick seeing him or she waste away - and seeing the all-powerful state force one to spend one's resources down. For an individual who has worked and saved all his/her life refused welfare of any kind over those forty productive work years - to be treated so disdainlly by a cold bureacracy makes one wonder about the priorities or lack thereof in establishing a safety net for our senior citizens. If the money is taken by the state upon the death of the second spouse - that's fine. Children of hard working middle class citizens like myself should not necessarily be entitled to the redistribution of wwealth - but allow for and provide our seniors their share of the sun.