781-535-6133

Medicaid Planning

What exactly is Medicaid?  Medicaid is the governmental program that pays for health care for people who qualify.  However, for our purposes, it pays for nursing home bills, only if you qualify.  Financial qualification criteria consists of assets and income.  Sometimes it pays for limited amounts of benefits for care at home, as well.

The laws are complicated and the system is extremely difficult to navigate.  Through our expert guidance and understanding of the laws, we will help put a plan of action together to save the maximum amount allowed by law.  In many instances, our clients have already seen a lawyer, CPA or other professional who has told them it is too late to do anything.  This simply may not be the case.  Many families also take the advice of the nursing home who tells them that nothing can be done.  This is like asking the proverbial fox how to guard the hen house!  Although the nursing home will take good care of your loved one, asking them to advocate for you financially could be a very expensive mistake.  Most nursing homes want private pay monies and will only recommend “their planners” when you are near broke or soon to be broke.

As in many health-related situations, it is always good to seek the advice of another professional and get a second opinion.

Remember, a second opinion could help save tens or even hundreds of thousands of dollars!!!

Learn more about Medicaid by visiting our blog HERE

“Once people leave our office they feel a sigh of relief. We can help you whether it’s preemptive planning or in a crisis situation.”

Kingston Council on Aging Director Tammy Murray sits down with David Corman, President of Generations Asset Preservation

“Paying for long-term care costs is the #1 reason seniors lose their lifetime of savings. The good news is; this does not have to happen.”

Joe Castiglione, legendary voice of the Boston Red Sox, talks about Generations Asset Preservation’s comprehensive planning services!

Alan Segel

As a sportscaster in the Boston area for many years, I have come across many people in many fields. Whether it is a personal or professional situation I look for several things. I want the people I deal with to be straight with me first and foremost. I have taught several media classes and one of the things I always say to my students is that you only get one chance for credibility. If you lose that you….


Read More

Barbara H. -Rockland, MA

It was about 17 years ago when I first met Dave. I had just put my husband into a nursing home and I was wondering how I was going to pay for it all.

Well, Dave took care of everything and saved me a lot of money along with the house.  And now a few months ago, I needed help on another matter.  Not only did he come out to the house twice to address my problem, but he resolved a rather nasty problem with my insurance company.

This is definitely one of the good guys!


D.F. -Plymouth, MA

Generations were able to help my family through the maze of issues and getting my mother benefits.  Otherwise, if not for them, my family would have lost everything.  Knowledgeable, kind, and professional!


J.M. -Halifax, MA

My mother saw Dave Corman over 10 years ago to begin estate planning and asset protection. Mom was doing fairly well then, but she is now in a long-term care facility. Thank goodness Mom took the necessary steps to do some planning to protect their assets. As products of the Great Depression, my parents worked tremendously hard all their lives. The last thing they would have wanted is the government or a nursing home to have access to their lifetime of savings. My brothers, sister and I certainly benefited from my parent’s planning!  I would advise any family to call Generations to learn about their options. It’s a call worth making!


Mary A. -Quincy, MA

I can’t begin to thank David Corman and Generations enough for the outstanding service they afforded my family.  As my parents grew older, we needed guidance with estate planning.  David was a godsend.  From the beginning, it was obvious he was a professional with not only the up-to-date financial knowledge to assist with our decisions and paperwork effectively, but the patience and caring that goes “above and beyond.”  I consider the necessary criteria for any financial professional to be trustworthiness, professional ability, and a genuine personal investment in the client’s well-being; David and Generations unquestionably provide those qualities.  


Susan W. -Braintree, MA

My name is Susan, a retired school teacher.  Like most seniors, my parents did all the right things and were worried that their savings would be spent on nursing home costs instead of leaving them for their family.  Thank goodness they met with the staff of Generations.  Not only were they great to work with, but a plan is in place to meet my parents’ goals.  Generations made it all so easy and I have come to trust them completely.  My mom has since passed away, but dad has peace of mind knowing his lifetime of hard work and savings are protected.  I have also become a client and I am telling all my friends to call Generations.  Planning goes way beyond just needing a Will.  Whether you are facing a nursing home or just doing advanced planning, Generations can help.


Doreen F. -Braintree, MA

My parents are ages 92 & 91 years young.  They have been married almost 69 years and have been blessed with remarkably good health until recently when my mother suffered a stroke.  Unfortunately, because of its severity, she can’t be cared for at home.  What made matters worse was the fear my father would lose everything in the process.  During this extremely difficult time, we were so thankful to have found Dave at Generations.  Dave and his team took over immediately and assured us they would help my father preserve and protect what he had saved from a lifetime of hard work.  Generations accomplished this and did it in a timely, accurate and professional manner.  We truly feel this would not have been achieved without their assistance.  I can’t say enough about the compassion and concern shown to my father.  We have so much trust and confidence in Generations that now my entire family will be meeting with Dave to ensure proper advanced planning for all.


L.P. -Boston, MA

We are generations of family working with Generations; Generations Asset Preservation that is!  My name is Lorine Pitter and pretty much my entire family has, or will work with Generations Asset Preservation to help us with our retirement, Medicaid, and estate planning needs.

The relationship began when my Dad passed away.  We wanted to ensure Mom was all set.  My parents have the classic immigrant success story.  They came to the United States, became citizens, worked hard, educated their children and managed to save some money along the way.  Thankfully, when Dad died, the staff at Generations Asset Preservation was able to help….


Read More

pleased-woman

Barbara H.
Rockland, MA

It was about 17 years ago when I first met Dave. I had just put my husband into a nursing home and I was wondering how I was going to pay for it all. Well, Dave took care of everything and saved me a lot of money along with the house.  And now a few months ago, I needed help on another matter.  Not only did he come out to the house twice to address my problem, but he resolved a rather nasty problem with my insurance company. This is definitely one of the good guys!

happy-client

D.F.
Plymouth, MA

Generations were able to help my family through the maze of issues and getting my mother benefits.  Otherwise, if not for them, my family would have lost everything.  Knowledgeable, kind, and professional!

mature-client

J.M.
Halifax, MA

My mother saw Dave Corman over 10 years ago to begin estate planning and asset protection. Mom was doing fairly well then, but she is now in a long-term care facility. Thank goodness Mom took the necessary steps to do some planning to protect their assets. As products of the Great Depression, my parents worked tremendously hard all their lives. The last thing they would have wanted is the government or a nursing home to have access to their lifetime of savings. My brothers, sister and I certainly benefited from my parent’s planning!  I would advise any family to call Generations to learn about their options. It’s a call worth making!