Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
✔
I acknowledge and authorize
✔
I consent to the collection of my consumer health data.*
✔
I consent to the sharing of my consumer health data with qualified home care agencies.*
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our Terms of Use. for information about our privacy practices.
Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
So, in answer to your last question, Worried, our friend Igloo mentioned that a SPIA that is Medicaid compliant might be a product that you want to look into if you are going to sell your home and move into a more centrally located condo. Igloo also stated, I believe, that this was not a DIY project. I'm hoping that someone here also has experience with this product, but I'm concerned that in your question, you don't mention the type of annuity that was advised. Not all annuities are Medicaid compliant and most are terrible ripoff. A SPIA is a noteable exception.
So, the thing is, if you want to qualify for Medicaid, you can't leave money to heirs. You are seeking government assistance for long term care payments, and the government needs to stay afloat, financially. Thus, if you want Medicaid to pay for care, you can't give the money that would have paid for that care to someone else.
About having Medicaid be the designated beneficiary, the FA that your NAELA atty works with will need to work the speciality insurance underwriter to get the payout to more than likely zero out before you die. So you outlive the SPIA, comprende?
It’s a numbers dance... you have required actuarial tables that must be met in order for SPIA to be done in order for it be to Medicaid compliant. Don’t ask me what they are as it’s all set by your demographics. It’s unique. And you can do more than 1 SPIA.
There’s someone on this site who did one several years ago as his wife was early onset dementia. She just recently passed away. I’ll PM him to see if he can post.
The one I know was may/dec with younger second family & her hubs almost 70 had major auto crash. Brain trauma with months of speciality rehab. He went through his insurance lifetime cap & savings in around a yr. she had to get/ force his kids from M#1 to sell weekend camp that she had usafruct on to have $ for his care as rehab took no Medicare or Medicaid. It was major drama atop his deteriorating health. What I heard was that it was she was beyond stressed & asked about divorcing him & it was the divorce atty that mentioned spia & put her with NAELA atty . They have kids in middle & high school plus she didn’t work (so no income). She ended up taking their college $ to do 2 SPIAs - bigger one paying more income while kids still under 21 or 25? then running dry & the other smaller another decade past the first till it too runs out. She’s more than likely going to outlive both SPIA. It won’t matter if Medicaid is the designated beneficiary as the $$ will be paid out with zero balance annuity before she dies. There’s planning, taxes & contingencies in doing these that have to be looked at by experienced eyes. Not a diy. Again it’s specialty underwriting. Not the guy who has an insurance license and sell homeowners or auto insurance.
Oh they didn’t divorce. She was able to get him onto Medicaid & moved to the only good rehab place that can do LTC brain injury that takes Medicaid. He lived about another yr. was on Medicare & Medicaid; heard everybody was all kum-ba-ya at the end.
As an aside on this, apparently in high cotton divorces, atty gets the monied one to do a big SPIA if alimony not a part of divorce settlements or there’s a hard to budge prenup. Clever! Gawd I just love savvy legal.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
https://www.elderlawanswers.com/annuities-and-medicaid-planning-12008
One thing I don't like about it, according to the link above, is that upon my death, the state is my beneficiary.
It’s a numbers dance... you have required actuarial tables that must be met in order for SPIA to be done in order for it be to Medicaid compliant. Don’t ask me what they are as it’s all set by your demographics. It’s unique. And you can do more than 1 SPIA.
There’s someone on this site who did one several years ago as his wife was early onset dementia. She just recently passed away. I’ll PM him to see if he can post.
The one I know was may/dec with younger second family & her hubs almost 70 had major auto crash. Brain trauma with months of speciality rehab. He went through his insurance lifetime cap & savings in around a yr. she had to get/ force his kids from M#1 to sell weekend camp that she had usafruct on to have $ for his care as rehab took no Medicare or Medicaid. It was major drama atop his deteriorating health. What I heard was that it was she was beyond stressed & asked about divorcing him & it was the divorce atty that mentioned spia & put her with NAELA atty . They have kids in middle & high school plus she didn’t work (so no income). She ended up taking their college $ to do 2 SPIAs - bigger one paying more income while kids still under 21 or 25? then running dry & the other smaller another decade past the first till it too runs out. She’s more than likely going to outlive both SPIA. It won’t matter if Medicaid is the designated beneficiary as the $$ will be paid out with zero balance annuity before she dies. There’s planning, taxes & contingencies in doing these that have to be looked at by experienced eyes. Not a diy. Again it’s specialty underwriting. Not the guy who has an insurance license and sell homeowners or auto insurance.
Oh they didn’t divorce. She was able to get him onto Medicaid & moved to the only good rehab place that can do LTC brain injury that takes Medicaid. He lived about another yr. was on Medicare & Medicaid; heard everybody was all kum-ba-ya at the end.
As an aside on this, apparently in high cotton divorces, atty gets the monied one to do a big SPIA if alimony not a part of divorce settlements or there’s a hard to budge prenup. Clever! Gawd I just love savvy legal.