AGINGCARE, LLC
NAPLES, FLORIDA

AGINGCARE, LLC, Naples

According to the United States Center for Disease Control and Prevention, approximately five million Americans live with the medical diagnosis of Alzheimer's disease. The American health care system has the expectation that a family member will provide the primary care for those individuals affected by Alzheimer's disease. When my father was first diagnosed with Alzheimer's disease, I informed my employer that I would be working with my mom and brother to help take care of my father. I wanted my employer to know that there would be doctor's appointments and other unscheduled personal occurrences with my dad that may require a need for me to be absent from work. Between my emotions of the diagnosis of my father's disease and the implication that my current employment could be at risk for needing time off to help care for my father, I felt that it would have been better served if I had not said anything at all. My thoughts were that my employer was being punitive towards me because I made a decision to support my family at a critical time in our lives. Research has demonstrated that 66 percent of Alzheimer's caregivers take time off from work to provide the support needed by the relatives suffering from Alzheimer's disease. This data reflects the need for the caregiver to share their commitment between work responsibilities and caregiving responsibilities. In some instances, working caregivers must abandon the older adults for whom they provide care because they cannot afford to be away from their employment responsibilities. The alternative is that the working caregiver must make adjustments to their work schedule and endure whatever challenges or losses arise as a result of their decisions. Although the implications from my employer seemed a bit harsh, I do understand that they still have an organization to run and they are obligated to the other employees of the company and the stakeholders. It is my hope that the policies and laws will eventually change to make things more amenable to working caregivers. There are many types of trusts that can be helpful in protecting your assets while allowing you to qualify for Medicaid. This article is a brief overview of the things you need to know when setting up a trust. An irrevocable trust cannot be altered or amended, and are thus the only type of trust that offers any benefit for Medicaid planning. That is because of the Medicaid law that says that if you can receive back from the trust any portion of the principal of the trust (i.e., the assets or cash that were used to fund the trust in the beginning), then the entire value of the trust becomes a countable asset for Medicaid eligibility purposes. If the trust isn't irrevocable (meaning you can change it) then Medicaid fears you could alter the trust terms to allow a distribution back to yourself. Thus, in order to be helpful for Medicaid purposes, the trust must be irrevocable and prohibit distributions of principal back to you for any reason. An irrevocable income-only trust is also possible, and such a trust can pay the income back to you for your lifetime to help you pay the bills, etc., without causing it to be counted as an available asset under the Medicaid rules. (Note that a transfer of your money or other assets into an irrevocable trust will be deemed a gift for Medicaid purposes, so it will cause a penalty period unless you apply for Medicaid at least five years after you fund the trust.) There is a type of first-party special needs trust that can contain your own assets, that can benefit you for your entire life, and that will instantly be non-countable for Medicaid purposes. Such a trust is known as a "(d)(4)(A)" trust—after the section of the Social Security law that describes this type of trust. In order for this to work, however, you must be under age 65 and disabled at the time the trust is set up, the trust must be established by a par­ent, grandparent, legal guardian or a court, on your behalf and for your sole benefit. The trust must also contain a "payback" provision. Such a provision must provide that, upon your death, the state be repaid whatever Medicaid benefits it provided to you, out of the trust assets. Of course, the trust may not even exist at that point, having been spent on various items to benefit you during your lifetime. As you can see, the area of trusts can be very complicated! If any of the above interests you, be sure to find a local attorney with experience both in Medicaid planning and trust drafting to assist you. While setting up a trust can be expensive, it is usually well worth the money for the benefits it will provide you in the long run. Caring for an aging loved one can test your budget as much as your patience and endurance. Fortunately, there are federal, state and even local government programs that can help you make ends meet, find and afford care for your loved one and even obtain respite care for yourself. prescription drug coverage is subsidized by Medicare through payments to private insurance companies who then fund an average of 90 percent of the cost of prescription drugs. If your loved one is considered low income and has limited assets, they may qualify for a Medicare Savings Program. Depending on the program they are eligible for, Medicare may help pay for Part A and/or B premiums as well as coinsurance, deductibles, and copayments. Another program called Extra Help is also available to minimize costs associated with Part D (prescription drug) plan costs. These options may provide substantial cost savings. If your loved one’s Social Security benefits were earned through lower-paying jobs and these benefits are their only source of income, there may be a larger monthly benefit available from the SSA called Supplemental Security Income (SSI). The SSI program is operated by the federal government and provides seniors and blind or disabled individuals with monthly payments to supplement their income. SSI is a needs-based program, so applicants must meet certain income and asset requirements to be eligible. Qualification for SSI is usually used as an indicator that individuals also qualify for other needs-based programs and benefits, such as Medicaid and the Supplemental Nutrition Assistance Program (SNAP).

KEY FACTS ABOUT AGINGCARE, LLC

Company name
AGINGCARE, LLC
Status
Inactive
Filed Number
L10000132409
FEI Number
352398362
Date of Incorporation
December 28, 2010
Home State
FL
Company Type
Florida Limited Liability

CONTACTS

Website
http://agingcare.com
Phones
(239) 594-3222

AGINGCARE, LLC NEAR ME

Principal Address
9015 Strada Stell Court, Suite 203,
Naples,
FL,
34109,
US

See Also

Officers and Directors

The AGINGCARE, LLC managed by the one person from Naples on following positions: Chief Executive Officer

Joseph Buckheit

Position
Chief Executive Officer Active
From
Naples, 34109





Registered Agent is Joseph Buckheit

From
Naples, 34109

Events

March 19, 2019
VOLUNTARY DISSOLUTION

Annual Reports

2018
March 14, 2018
2017
April 3, 2017