• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
    • Scott P. Schomer Certified As Specialist In Estate Planning, Trust And Probate Law
    • Trust and Probate Litigation: Verdicts and Settlements
  • Services
    • Estate Planning
    • Probate
    • Trust Administration
    • Trust, Probate and Estate Litigation
    • Family-Owned Businesses
    • IRA & Retirement Planning
    • LGBTQ Estate Planning
    • Loss of a Loved One
    • Power of Attorney
    • SECURE Act
    • Special Needs Planning
    • Asset Protection & Business Planning
    • Estate and Gift Tax Figures
    • Young Families
  • Probate
    • Is Probate Always Necessary In California?
    • Probate & Estate Planning Savings Calculator
    • Probate Administration
    • Probate Code 850 Petitions
    • Probate Disputes
    • Probate In California
    • Probate Laws
    • Probate Litigation
    • Why Hire A Probate Attorney
  • Elder Law
    • Conservatorship
    • Coping with Alzheimer’s
    • Estate Planning
  • Resources
    • Elder Law
      • Elder Law & Medi-Cal Definitions
      • Elder Law Reports
    • Estate Planning
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Special Needs Planning Can Protect Benefits
      • Top 10 Estate and Legacy Planning Techniques
    • Free Estate Planning Worksheet
    • Free Seminars
      • Webinars
    • Frequently Asked Questions
      • Advance Health Care Directives
      • Asset Protection
      • California Adult Conservatorship
      • Estate Planning
      • Estate Planning & Remarriage
      • Frequently Asked Questions For Families Without An Estate Plan
      • In-Home Elder Care
      • IRA Inheritance Planning
      • IRA & SECURE Act
      • Irrevocable Trust
      • Last Will and Testament
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Living Trust
      • Probate
      • Special Needs Planning
      • Trusts
      • Trust Administration
      • Wills
    • Newsletters
    • Pre Consultation Form
    • Presentations
    • Published Book
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Communities We Serve
    • Los Angeles County
      • Bellflower
      • Cerritos
      • El Segundo
        • El Segundo Probate Resources
      • Hawthorne
      • Inglewood
      • Long Beach
        • Long Beach Elder Resources
        • Long Beach Probate Resources
      • Manhattan Beach
      • Playa del Rey
      • Santa Monica
      • Westchester
        • Westchester Elder Resources
        • Westchester Probate Resources
    • Orange County
      • Anaheim
      • Buena Park
      • Cypress
      • Fountain Valley
      • Garden Grove
      • Huntington Beach
        • Huntington Beach Elder Resources
        • Huntington Beach Probate Resources
      • Los Alamitos
        • Los Alamitos Probate Resources
      • Rossmoor
      • Stanton
      • Seal Beach
      • Westminster
  • Contact Us
    • Contact Our Office
    • Estate Planning Discovery Call
  • BLOG
  • Videos

Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

Connect With Us Today (310) 337-7696

Attend a Free Event
Home » Elder Law » Will Infrastructure Plan Include Funding for Elder Care?

Will Infrastructure Plan Include Funding for Elder Care?

June 17, 2021Elder Law

HCBS waiverThe lawmakers in Washington have been wrangling with the White House with regard to an infrastructure spending package. There is an element that would impact elder care, so we will look at the details in this post.

Demographic Shift

During the post-World War II years between 1946 and 1964, an unprecedented number of babies were born. This phenomenon has been dubbed the “baby boom,” and if you do the math, you can see that these people are attaining senior citizen status right around now.

The Social Security Administration has been receiving about 10,000 applications a day for years, and these numbers will persist into the foreseeable future.

Long-Term Care

Approximately 70 percent of elder Americans will require help with their activities of daily living at some point, and just over 50 percent will need paid care of some kind.

According to the Department of Health and Human Services, 35 percent of seniors will eventually reside in nursing homes. You are looking at six figures for a year in a nursing home in the Los Angeles area, and 12 months is the average length of stay.

Medicare does not pay for the custodial care that nursing facilities provide, and it does not cover in-home care, so there is a costly gap that should be a source of concern.

Medi-Cal and the Home and Community-Based Services Waiver

Medi-Cal will pay for long-term care if you can gain eligibility, but there is a $2000 asset limit because it is a need-based program. There is also a Medi-Cal Home and Community-Based Services (HCBS) waiver that will cover in-home care.

Because of the aging of the population, a large number of elders are receiving paid long-term care. The Biden administration would like to expand the waiver program so that more people can receive the care that they need in their own homes.

To that end, they have included $400 billion for this purpose in the infrastructure package that is being negotiated. The people on the other side of the aisle be not want to include this component because they say that senior care does not meet the definition of infrastructure.

If this funding is not included in a final infrastructure package, the need will not go away. It is likely that the White House will attempt to obtain the funding in another manner at some point in time. We will monitor the situation and pass along updates if and when they become available.

Medi-Cal Eligibility

As we have stated, there is a $2000 limit on assets for Medicaid applicants, but this is the figure for countable assets. There are some things that do not count, including your home. In other states in the union, there is an equity limit, but we do not have one in California.

One vehicle is not counted, and wedding rings, engagement rings, and heirloom jewelry are exempt. Household items and personal effects are not counted, and you can have a prepaid burial plot, unlimited term life insurance, and $1500 of whole life insurance.

You could establish and fund an irrevocable Medi-Cal trust to remove countable assets from your personal possession so you can qualify for Medi-Cal coverage.

Even though your home is not a countable asset, you could make the trust the owner of your home to protect it. If you are in direct possession of the property at the time of your passing, Medi-Cal can place a lien on it during the recovery phase.

Income-producing assets can also be conveyed into the trust, and you would be able to accept distributions of the income until you apply for Medi-Cal. As long as you fund the trust at least 30 months before you apply, the principal would not count.

Attend a Free Webinar!

We are conducting a number of webinars over the coming weeks, and they cover some very important and interesting topics. There is no charge to attend the sessions, and you can join us from anywhere, so this is a great way to invest some spare time.

You can see the dates if you visit our Los Angeles estate planning webinar page, and when you identify the session that works for you, follow the instructions to register.

 

  • Author
  • Recent Posts
Cesar Gil
Cesar Gil
Operations Director at Schomer Law Group
Cesar Gil has the primary responsibility of ensuring that the business has the best working environment and processes. He manages the implementation of business guidelines and strategies to ensure everything runs smoothly and in accordance with any guidelines. He joined Schomer Law Group in 2014 as an Estate Planning Paralegal and Marketing Coordinator and quickly rose to several supervisory and management positions. He joined Schomer Law Group with almost a decade of estate planning experience.

Cesar has received his Masters of Science in Integrated Design, Business and Technology from the University of Southern California.
Cesar Gil
Latest posts by Cesar Gil (see all)
  • Protecting Your Digital Assets: What Happens to Your Online Accounts After You Pass Away? - March 23, 2023
  • Peace of Mind in Contentious Probates: Why a Professional Fiduciary is Essential - March 20, 2023
  • Expertise, Objectivity, and Efficiency: Why Single Individuals Need a Professional Fiduciary in their Estate Plan - March 18, 2023

Other Articles You May Find Useful

geriatric care manager
How Can a Geriatric Care Manager Help Me?
senior life settlement
What Is a Senior Life Settlement?
Medicaid Planning
Los Angeles elder law attorneys
5 Things You Should Know About Elder Law
Los Angeles elder law attorneys
Educate Yourself for Alzheimer’s Awareness Month
Los Angeles elder law attorneys
Why a Family Caregiver Is Not Always the Best Option

Primary Sidebar

Schomer Law Group, Los Angeles Estate Planning, Probate, and Elder Law Attorneys

Schomer Law Group

Subscribe To Our Blog

Sign up using the form below to get our latest estate planning updates!

  • This field is for validation purposes and should be left unchanged.

Testimonials

Client Review
July 29, 2020
    

We need to update our Living Trust and attended Schomer Law Group’s seminar. Afterwards we made an appointment and were impressed by the attention Scott Schomer and Liran Aliav gave to our case answering all questions and making suggestions how to minimize the estate tax. All the office staff is very friendly and we highly recommend Schomer Law Group.

Frank & Jutta R
Client Review
July 29, 2020
    

Mr. Schomer does an amazing job at explaining all the intricacies of establishing a trust. He and his team help you every step of the way so you always know what to expect and what you are preparing for. Best education you can get and the best gift you can give your family.

Paula M.
Client Review
July 29, 2020
    

We put off getting a trust for years. After attending a seminar with Scott Schomer we realized that the time had come to get a trust. We were given very good reasons for why we should get a trust. No pressure, just the plain facts. We are very relieved and happy to finally get our trust. Scott and Cesar were very knowledgeable, helpful and listened to our ideas of what we had to say. Any questions that we have now and in the future they are available to assist us to solve them. I recommend the Schomer Law Group and I wish we knew about them years ago.

Phillip G.
Client Review
July 29, 2020
    

When you’re presented with an invitation to attend in a mailer, you may have reservations, this was a truly gift!! My wife and I were educated and guided through the process of creating a family trust.
Both of our parents had attorney’s that “worked” with wills/trusts, but came up short. Fortunately, the Schomer Law Group was there! This is a group of attorney’s that only specialize in estate planning, law, and financial advice, so you know you’re getting expert and personalized advice. This is the best money we’ve ever spent!! Thank you!

Bob L.
Client Review
July 29, 2020
    

We knew we had to update our 10 year old ( 20 page ) trust. After several detailed meetings, Liran and Cesar produced a large ( 300 pages + ) highly detailed trust document that we have used to make sure our family estate is well managed and clearly understood.
They were all very helpful in answering myriad questions and explaining all the various options…

We would strongly recommend the Schomer Law Group to anyone with an estate of even modest means, to assure proper planning…

Bob S.
Client Review
July 29, 2020
    

We had contemplated updating our will and starting a trust for a number of years. After attending a talk by Scott Schomer we realized we were long overdue and the potential downside of not having our affairs in order was significant. Scott and his excellent team made the process simple and seamless. They were great listeners, addressed all our concerns and even pulled and processed all the paperwork from our financial institutions. If you are looking for assistance with estate planning, wills and trusts, we highly recommend Schomer Law Group.

Robert F.
Client Review
July 29, 2020
    

Very competent & informative – friendly atmosphere – ready to answer the most mundane questions – relaxed.

Joan S.
Client Review
July 29, 2020
    

Mr. Schomer was excellent in getting our family trust and estate affairs in order. My husband and I had put off doing this and Scott really made the process easy! He is very passionate in making sure his clients get all that they need and we really appreciated it. I would highly recommend him and look forward to the many years he will be available to assist our family.

Kim

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
  • Instagram
  • Pinterest

Office Address

El Segundo
2155 Campus Drive
Suite 250,
El Segundo, CA 90245
Phone: (310) 337-7696
Fax: 310-337-1277

See Larger Map Get Directions

Office Hours

Monday9:00 AM - 6:00 PM
Tuesday9:00 AM - 6:00 PM
Wednesday9:00 AM - 6:00 PM
Thursday9:00 AM - 6:00 PM
Friday9:00 AM - 6:00 PM

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Schomer Law Group

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
  • Instagram
  • Pinterest

footer-logo
© 2023 American Academy of Estate Planning Attorneys, Inc.

Schomer Law Group

Attorney Advertisement.

© 2023 American Academy of Estate Planning Attorneys, Inc.