April 2015

When a Medicaid Eligibility Issue Becomes Urgent

The woman, in her early 60s, suffered from dementia and was receiving home care. But her condition was deteriorating and the time for moving her to a nursing home was drawing near.

Her husband was paying the home-care costs out of pocket, but worried that the expense of a nursing home would quickly deplete the $700,000 in joint savings they held outside of qualified retirement accounts. He sought guidance from Carlos Dias, Jr. of Orlando, Fla.-based Excel Tax & Wealth Group, which manages $25 million for 150 clients.