!"!"#$%

#%

!"#$%&'()*(+,%#-.(/$*.(012$345("#(6"78 94#4$"3:(;434$:%3?(@2,4(A4B%&"%B(6%,%#:888

•  C%$,(D2>3B4B(E5(!"#$%&'(+,%#-(#2(F$2G%B4(-2H%:#%&(H4?"H("3B(:2&%"H(:2H>#%23:(#2(2>$("?%3?(&2,,>3%#5*8

•  C%$,(B4B%&"#4B(#2(-4HF%3?(D",%H%4:(%3(I42$?%"(F(#2(\S.LK]^,23#-8

V (+%3?H4(7"$#%,4(G4#4$"3:(,5(E4(4H%?%EH4(D2$(\K._L`^,23#-*8

V (0(:>$G%G%3?(:F2>:4(,"5(E4(4H%?%EH4(D2$(>F(#2(\K.L]a^,23#-88

•  (["$#%,4(:4$G%&4("3B(]L(&23:4&>#%G4(B"5:(2D("%G4(

B>#5(7%#-("(B%:&-"$?4(2#-4$(#-"3(B%:-232$"EH48

•  (bG4$(cd(54"$:(2HB.(EH%3B(2$(B%:"EH4B8

•  (e3$4%,E>$:4B($4&>$$%3?(,4B%&"H(4MF43:4:("$4(

,2$4(#-"3(#-4(#2#"H(-2>:4-2HB(%3&2,4(8

•  (6%,%#4B("::4#:(#2(F"5(,4B%&"H(4MF43:4:(R"E2>#(

\fL.LLL(D2$("(&2>FH4("3B(\dL.LLL(D2$(%3B%G%B>"H:T8

Requirements for Aid & Attendance

!"!"#$%

$%

Pension Levels for Veterans / Surviving Spouses:

•  Q4F43B%3?(23(#-4(94#4$"3(2$(+F2>:4P:8•  @4"H#-(+%#>"#%23.(g-45()2>HB(E4(NH%?%EH48•  C2$(234(2D(#-4(D2HH27%3?(!43:%23(64G4H:h8

•  (;":4(!43:%23(i(!4$,"343#H5(j(g2#"HH5(Q%:"EH4B(((bX(2G4$(cd(54"$:(2D("?4k8

•  ;":4(!43:%23(7%#-(@2>:4E2>3B(N3-"3&4,43#k8•  (;":4(!43:%23(7%#-(0%B(j(0143B"3&4(N3-"3&4,43#8

•  g-4(",2>3#(2D(#-4(E434F(D$2,(#-4(;":4(!43:%23(#-2>?-(j(#2(#-4(0%B(j(0143B"3&4(H4G4H*8

VA Pension – Three Levels

•  !"#$%$!&'(#)(*'$+'(',-.$/01$2'-'1)(.3

•  =23J:4$G%&4(&2334B(E434,(033>"H8 8 8A23#-H5(A"M%,>,(033>"H8

8 8 8((((!43:%23(X"#4(RU3&2,4(6%,%#T8 8!43:%23(X"#4(RU3&2,4(6%,%#T(88

8>'1?"*'$@'(."0($8 8 8\KS.Sdd(8 8 8 8 8 8\K.LSL 88

8b34(B4F43B43#(8 8\Kc.LdL8 8 8 8 8 8\K.``_( 888A0:.'B0:(#$ 3 8 8\Ka.]__(8 8 8 8 8 8\K.Sa_( 88

8b34(B4F43B43#(8 8\Kf.__S(8 8 8 8 8 8\K.dca( 888!"#$)(#$!&'(#)(*'$8 8\SL.aac(8 8 8 8 8 8\K._L`( 88

8b34(B4F43B43#(8 8\Sa.S`f(8 8 8 8 8 8\S.LK]( 888N"&-("BBPH( 8 8 8 8m\S.L]S(8 8 8 8 8 8m\K_a8B4F43B43#(&-%HB(88

VA Pension – Current Figures

SLKS(!43:%23(;434$4:(i(+>$G%G%3?(+F2>:488g5F4(2D(;434%$4,43#:h8

•  ]L(B"5:(2D("%G4(,%H%#"$5(:4$G%&4(7%#-("#(H4":#(234(B"5(2D(7"$J#%,4(:4$G%&48

•  !4$,"343#("3B(#2#"H(B%:"E%H%#5(2$(cdm($4&4%G%3?(+2&%"H(+4&>$%#58

•  A4B%&"H(4MF43:4:(4M&44B(%3&2,48

•  6%Y>%B("::4#:(2D(\fL.LLL(R,"$$%4BT.(\dL.LLL(%D(:%3?H4^7%B274B(2$(H4::(R#-%:(%:(#-4(:#"$#%3?(F2%3#n**,"5E4(H4::T8

Aid & Attendance Benefits

!"!"#$%

&%

!"#$%$!&'(#)(*'$+'(',-.$3@)D$E01F33•  0::%:#4B(6%G%3?(C"&%H%#58

•  U3J@2,4()"$48

•  =>$:%3?(@2,4()"$48

•  eF(#2(,23#-H5(E434:#(327(E4(F4$,"343#H5("3B(#2#"HH5(B%:"EH4B(2$(cd(2$(2HB4$8

•  !43:%23(7%HH(E4(H%,%#4B(E5(94#4$"3’:(-2>:4-2HB(%3&2,4("3B("::4#:8

•  0BB%#%23"H(F43:%23(",2>3#(%D(-2>:4E2>3B8•  0BB%#%23"H(F43:%23(",2>3#(%D(344B($4?>H"$(0%B(

j(0143B"3&4(8

Non-Service Connected Pension

l(U3&2,4(D2$(94#4$"3(0B,%3%:#$"#%23(!>$F2:4:8

I$2::(@2>:4-2HB(U3&2,48((ReANT(8

lU90!8

Once the VA has approved the veteran for a special monthly pension here is what you get:

0=Q8

C$44(90(,4B%&"H(R32(&2JF"5T(>3B4$(8F$%2$%#5(&"#4?2$5(U98

C$44(F$4:&$%F#%23(#-$2>?-(90(8F-"$,"&%4:(D2$(D2$,>H"$5(B$>?:8

U3&$4":4B($4#$2J"%G4(E434"H(eANP:(8

Who can help you explore this benefit?

•  94#4$"3:(0B,%3%:#$"#%238•  +#"#4(Q4F"$#,43#(2D(94#4$"3:(+4$G%&4:8•  94#4$"3’:(+4$G%&4(b$?"3%O"#%238

•  9C[.((0,4$%&"3(64?%23.((0A9Ng+8•  90(0&&$4B%#4B(012$3458•  Q4:%?3"#4B(!4$:23"H(X4F$4:43#"#%G48

U3&2,4(6%,%#:8A%HH4$(g$>:#80::4#(6%,%#:8NM4,F#(0::4#:8=23JNM4,F#(R2$(&2>3#"EH4T(0::4#:8

!"!"#$%

!%

Nursing Home Medicaid Income Limits

•  U3B%G%B>"H(%3(=>$:%3?(@2,4h(\S.LSS^,23#-8

•  C2$(%3B%G%B>"H:(7%#-(,2$4(%3&2,4.(#-45(7%HH(344B("(o>"H%:#.(2$(A%HH4$(g$>:#8

Miller Trust/Qualified Income Trust

•  0(G4-%&H4(#-"#("HH27:(F42FH4(7-2(-"G4("(,23#-H5(%3&2,4(#-"#(4M&44B:(#-4(A4B%&"%B(%3&2,4(&"F(i(E>#(&"332#(F"5(D2$(=@(&"$4(F$%G"#4H5(#2(E4(4H%?%EH4(D2$(A4B%&"%B(&2G4$"?4*8

Income! Miller Trust!

Checking Account! Nursing Home!

(or diversion to spouse)!

Requirements of a Miller Trust

K*  g$>:#(,>:#(E4(:4#(>F(%3(I0(i(32(4"$H%4$(#-"3(#-4(K:#(,23#-(#-4("FFH%&"3#("FFH%4:(D2$(A4B%&"%B*8

S*  b3H5(B4F2:%#:(%3#2(#-4(#$>:#(,>:#(E4(#-4("FFH%&"3#’:(%3&2,4*8

`*  g2($4&4%G4(B4F2:%#:("3B(,"'4(F"5,43#:(i(#-4(#$>:#(,>:#(-"G4(%#’:(273(&-4&'%3?("&&2>3#*8

a*  g-4(#$>:#(&"332#(-2HB("35("::4#:*8

d*  035(D>3B:($4,"%3%3?(%3(#-4(#$>:#("#(#-4("FFH%&"3#’:(B4"#-(,>:#(?2(#2($4%,E>$:4(A4B%&"%B*8

The 4 Types of Payment That Can Be Made From a

Miller Trust:

K*  g-4("FFH%&"3#P:(F4$:23"H(344B:("HH27"3&4*8

S*  g-4(:F2>:"H(B%G4$:%23(#2("3("FFH%&"3#P:(:F2>:4(7-2(B24:(32#($4:%B4(%3("(=@*8

`*  A4B%&"H(4MF43:4:*8

a*  035($4,"%3%3?(D>3B:(4"&-(,23#-("$4(F"%B(#2(#-4(3>$:%3?(-2,4*8

Asset Limits

•  (U3B%G%B>"H(%3(=>$:%3?(@2,4h(\S.LLL(%3(#2#"H(&2>3#"EH4("::4#:*8

•  ()2>FH4:(7%#-(234(:F2>:4("#(-2,4("HH274B(,2$4(p)2>3#"EH4(0::4#:q8

•  U3B%G%B>"H:(7%#-(,2$4("::4#:(:-2>HB(&23:%B4$("::4#(FH"33%3?*8

Exempt Assets: •  @2,4FH"&48

•  @2>:4-2HB(?22B:8

•  ;>$%"H(NM&H>:%238

•  ;>$%"H(:F"&4(%#4,:8

•  U3&2,4(F$2B>&%3?(F$2F4$#5.(>F(#2("(G"H>4(2D(\c.LLL8

•  6%D4(4:#"#4(%3#4$4:#:8

•  0(&"$8

•  62"3.(F$2,%::2$5(32#4.(,2$#?"?4(2$(:4&>$%#5("?$44,43#8

•  X4#%$4,43#(D>3B:.(UX0:(4#&8

•  0HH(2D(52>$(“:#>Z”(i(F4$:23"H(%#4,:.(&H2#-%3?(4#&*8

!"!"#$%

'%

Non-Exempt (Countable) Assets: •  0HH(2#-4$("::4#:8

•  )-4&'%3?("&&2>3#:8

•  +"G%3?("&&2>3#:8

•  )Q:8

• A2345(A"$'4#:8

•  +#2&':8

• A>#>"H(C>3B:.(;23B:8

• =23J@2,4.(323J&23#%?>2>:(F$2F4$#58

8

Penalty Period for Giving Assets Away

•  U3(I0.(D2$(4G4$5(\a.]Kc*dd(?%G43("7"5(B>$%3?("(d(54"$(RcL(,23#-T((H22'(E"&'(F4$%2B(i(&$4"#4:(K(,23#-(2D(A4B%&"%B(%34H%?%E%H%#5*((8

Spousal Impoverishment •  AAA=0(J(\S.faK8•  +F2>:"H(X4:2>$&4(0HH27"3&4(J(\KK`.caL8

•  NM",FH4h((88

8 888(((((((( 8888

\S.faK*LL(8 i(AAA=08

J((\fLL*LL(8 i(-2,4(:F2>:4’:(%3&2,48

\S.LaK*LL(8 i(",2>3#(#2(E4(B%G4$#4B(#2(&2,,>3%#5(:F2>:488

Medicaid Planning

•  622'(;"&'(!4$%2B8•  g-4(F4$%2B(2D(#%,4(A4B%&"%B(7%HH(H22'("#("HH(:#h(cL(A23#-(622'(;"&'(!4$%2B(Rb3H5(":(#2(#-2:4(#$"3:D4$:T8

•  QX0(SLLd(l8•  066(g$"3:D4$:h(cL(A23#-(622'(;"&'(!4$%2B8((((l(Rb3H5(":(#2(#$"3:D4$:("D#4$(S^f^LcT8

•  +43%2$:(7%HH(-"G4(#2(7"%#(,>&-(H23?4$(#2($4&4%G4(E434#(!Xb!NX(FH"33%3?8

•  @4%$:(2D(A4B%&"%B($4&%F%43#:(,"5($4&4%G4(32#-%3?("D#4$(#-4(A4B%&"%B($4&%F%43#:(B%48

•  +43%2$:(7%HH(E4(>3D"%$H5(F43"H%O4B(D2$(?%G%3?(?%D#:(#2(H2G4B(234:(2$(4G43(#2(&-"$%#%4:8

New Medicaid Rules

Consequences •  A4B%&"%B(7%HH(F"5(,2$4(D2$($4&%F%43#:(%3(D"&%H%#%4:(E4&">:4($4&%F%43#:(7%HH(-"G4(H4::(%3&2,4(#2(&23#$%E>#4(#27"$B(#-4(&2:#:(2D(&"$48

•  A2:#(74HH(:F2>:4:(7%HH(E4(H4D#(7%#-(%3"B4Y>"#4("::4#:("3B(,"5(E4&2,4(%3B%?43#(8

•  A"35(:43%2$:(7%HH(-"G4(#2(E2$$27("?"%3:#(#-4(4Y>%#5(%3(#-4%$(-2,4:.(#-4$4E5(%3&$4":%3?(#-4%$(,23#-H5(4MF43:4:8

•  b#-4$:(7%HH(-"G4(#2(:4HH(#-4%$(-2,4:("3B(,2G4(#2(H4::(4MF43:%G4(234:8

Consequences

New Medicaid Rules

!"!"#$%

(%

Q. “Can I qualify for Medicaid and keep my money?” A. Your choices: V (+F43B(52>$(,23458

V (64#(3>$:%3?(-2,4:(-"G4(%#8

V (!$2#4(%#(D2$(52>(B>$%3?(52>$(H%D4#%,4("3B(52>$(H2G4B(234:("D#4$(52>$(?234n*8

nUC(52>(:#"$#(FH"33%3?(4"$H5r8

8

Protecting Your Assets

•  N3:>$4(#-45(>3B4$:#"3B(#-4(A4B%&"%B(H"7:8

•  Q4G4H2F("(FH"3(#2(F$2#4("::4#:(:2(H2G4B(234:(&"3(Y>"H%D5(D2$(A4B%&"%B(7%#-2>#(:F43B%3?(#-4%$(H%D4’:(:"G%3?:8

•  !$2#4("::4#:(D2$(#-4("#J-2,4(:F2>:48

Medicaid Planning & Qualification

Families Should Work with Trusted Experts To:

Asg@(t(Kh((8•  “UD(,5(:F2>:4(2$(U(?2(%3#2("(3>$:%3?(-2,4.(#-4(:#"#4(7%HH(#"'4(,5(-2,4("7"5*”8

8g@N(gXeg@h8•  s2>$(-2,4(%:("3(4M4,F#("::4#(%D(52>(“%3#43B(#2($4#>$3”(#2(%#.(2$(%D(52>$(:F2>:4(H%G4:(%3(%#*8

•  ;eg(i(;N[0XN(bC(g@N(N+g0gN(XN)b9NXs(!XbIX0Ar8

Asg@(t(Sh8•  “UD(U(?%G4("::4#:("7"5.(U(-"G4(#2(7"%#(`c(,23#-:(#2(Y>"H%D5(D2$(A4B%&"%B*”8

8g@N(gXeg@h8•  C%$:#.(`c(Ab=g@+(U+(g@N(b6Q(60[rr(=47(H"7(%:(cL(Ab=g@+*8

•  +4&23B.(#-4(cL(,23#-:(%:(#-4(“H22'(E"&'(F4$%2B*”(g-4(">"H(7"%#(&"3(E4(,>&-(H23?4$*8

Asg@(t(`h8•  “UD(U(",("H$4"B5(%3("(3>$:%3?(-2,4.(%#(%:(#22(H"#4(#2(:-4H#4$("35("::4#:*”8

8g@N(gXeg@h8•  Q4F43B%3?(23(#-4(D":(2D(52>$(:%#>"#%23.("3B(7-%&-(A4B%&"%B(FH"33%3?(#22H:(52>$(NHB4$(6"7("12$345(.(52>(&"3(F$2#4(F2#43#%"HH5(-"HD(2D(#-4($4,"%3%3?("::4#:(52>(-"G4.("3B(,"5E4(,2$4*8

Asg@(t(ah8•  “U(&"3(?%G4("7"5(\K`.LLL("(54"$(F4$(F4$:23(7%#-2>#(F43"H#5*”8

g@N(gXeg@h8•  g-"#(%:("(C4B4$"H(I%D#(g"M(H%,%#"#%23("3B(-":(32#-%3?(#2(B2(7%#-(A4B%&"%B(4H%?%E%H%#5*8

!"!"#$%

)%

Asg@(t(dh8•  “g-4$4(%:("(:,"HH(&-"3&4(U(7%HH(43B(>F(%3("(3>$:%3?(-2,4("357"5*”8

g@N(gXeg@h8•  dLu((2D(cd(54"$(2HB(F4$:23:(7%HH(:#"5(%3("(3>$:%3?(-2,4(:2,4#%,4(%3(#-4%$(H%D4#%,4*8

1. Thinking it’s too late to plan.

Top Eight Mistakes

U#P:("H,2:#(GH2HI$5JJ$K!5H(#2(#"'4(FH"33%3?(:#4F:.(4G43("D#4$("(:43%2$(-":(,2G4B(#2("(3>$:%3?(-2,4*3

2. Giving away assets too early.

X4,4,E4$(#-%:(%:(52>$(,2345*(A"'4(:>$4(52>(#"'4(&"$4(2D(52>$:4HD((7%#-(#-4(A4B%&"%B(Y>"H%3#%H(52>(Y>"H%D5*3

Top Eight Mistakes 5. Failing to Take Advantage of

Protections for The Healthy Spouse.

C2$(4M",FH4.(F4#%#%23(D2$("3(%3&$4":4B()+X0(2$(%3&2,4("HH27"3&4*3

Top Eight Mistakes

!"!"#$%

*%

6. Applying for Medicaid too late.

Top Eight Mistakes

g-%:(7%HH(&2:#(52>$(D",%H5(#-2>:"3B:(2D(B2HH"$:*((8

U#(,4"3:(F$%G"#4H5(F"5%3?(7-43(52>("$4(4H%?%EH4(D2$(A4B%&"%B*8

7. Not getting professional help.

A4B%&"%B(%:("(&2,FH%&"#4B(?>:#"8

8777*4HB4$H"754$*&2,8

777*D"&4E22'*&2,^:,%#-H"7