Rhode Island Medicaid Planning

03/08/2026

🚨 Rhode Island Seniors: Long-Term Care Costs Are Skyrocketing! 🚨
Did you know the average cost of a nursing home in RI is over $14,000/month for a semi-private room and $16,500 for private? Assisted living? Around $6,000/month. Home care can run $7,500+/month for full-time help.

These expenses can wipe out a lifetime of savings in years. That's why planning ahead is crucial—long-term care insurance, asset protection strategies, and Medicaid qualification can safeguard your future.

To qualify for RI Medicaid LTSS: Must be 65+, need nursing-level care, income under ~$9,100/month, assets ≤$4,000 (single). But with proper planning (e.g., 5-year lookback), you can protect assets for spouses/heirs.

Don't wait—plan now! As an estate planning law firm that represent seniors, we help families navigate planning for this phase of life. Contact Us or visit rimedicaidplanning.com for a consult.

03/08/2026

Publicly funded LTSS (mainly via Medicaid) is available for eligible people who require a certain level of ongoing care. Services can be provided in various settings:
• Home (e.g., in one’s own residence or a family member’s home)
• Community (e.g., assisted living, shared living, adult day programs)
• Institutional (e.g., nursing homes, intermediate care facilities, hospitals)

The focus is on person-centered care to optimize health, independence, and quality of life, with services that may be episodic or ongoing.

02/18/2026

State income tax quietly shapes real estate choices because it changes what your home actually costs to keep, not just to buy. In high tax states like California or New York, a big raise, a bonus year, or a strong investment portfolio can make the “same” lifestyle feel meaningfully more expensive year after year, which pushes some buyers toward lower tax states like Florida or Texas, especially when they can work remotely. For others, the math cuts the other way: they accept higher state taxes because the city, schools, network, and long term appreciation potential are worth the premium, and they focus their search on neighborhoods and property types that hold value best. Either way, taxes turn a location decision into a cash flow decision, and that’s why smart buyers look past the list price and ask, “What does living here cost me every year?”

02/12/2026

According to the Centers for Medicare & Medicaid Services, in 2023, 8.4 million Medicaid beneficiaries received assistance paying for care at home or in assisted living facilities – a substantial increase of 8 percent from 7.8 million in 2022. In comparison, 1.5 million beneficiaries received institutional care – mostly in nursing homes – a more modest 3-percent increase over 2022. However, the overall costs for institutional services grew by 17 percent compared to 13 percent for HCBS.

Medicaid Coverage of Home Health Care is Growing: But Will the Trend Last? February 5, 2026 Share Squared Away Blog by Harry S. Margolis Most seniors want to stay in their own homes when and if they need care. In response to this desire and the generally lower cost of home health and assisted living...

02/03/2026

The bipartisan STOP Scams Against Seniors Act, introduced in the House, would authorize the creation of Elder Justice Task Forces to help local, state, and Federal agencies work together to investigate and prosecute illegal scammers.

New legislation has been proposed protecting seniors from scammers.

01/21/2026

In the current environment, financial advisors must integrate LTC planning, tax exemptions, and retirement assets, treating emerging state benefits as a limited foundation while tailoring private coverage, savings, and withdrawal strategies to each client’s circumstances.

The Silver Tsunami is here and planning for the long term care needs for your loved ones is more critical than ever.

12/29/2025

Alzheimer's effects over 6 million people and is one of the leading causes of individuals needing skilled nursing care. Understanding the causes and treatments of Alzheimer's may help your loved ones live a longer healthier lives.

A new method of reversing Alzheimer's shows promise in an animal study, as researchers at University Hospitals restore brain energy molecule NAD+.

12/18/2025

2026 Medicaid figures as to rules for allowed assets, income and home equity have been released and added to my website. Follow the link to read about how they may apply to you or your clients as they plan for how to pay and provide for their long term care needs.

For most individuals, the object of long-term care planning is to protect savings.. Contact Us for more information.

12/05/2025

Trump accounts will function similar to retirement accounts. Children will not be able to withdraw from the accounts before they turn 18. Withdrawals will incur a penalty unless the funds are used for qualifying reasons, such as higher education expenses or the purchase of a first home.

Experts say the massive donation is a boon to children, but concerns remain with the structure of the accounts.

12/04/2025

Do you know what changes are coming to the cost of your Medicare insurance in 2026? Follow the link to learn more...

On November 14, 2025, the Centers for Medicare & Medicaid Services (CMS) released notices detailing the Medicare Part A and Part B premiums and deductibles for calendar year 2026: The...

11/29/2025

Increasing physical activity in midlife or later may reduce the chances of developing dementia by up to 45%, according to a recent study published in JAMA Network Open.

Researchers at the Boston University School of Public Health analyzed data from more than 4,300 people in the Framingham Heart Study Offspring, all of whom were dementia-free at the start of the study.

New study reveals physical activity in midlife and later life can reduce dementia risk by up to 45%, offering significant hope for brain health protection.