By Dale M. Krause, JD, LLM, and Scott M. Engstrom, JD
Throughout this article, the authors maintain perspective by evaluating the need from which the current Medicaid laws and regulations arise — the need to provide long-term care for America’s aging population. They also shine a light on ways in which the current system operates in a manner inconsistent with this need. Finally, they provide crisis planning solutions that demonstrate how the system can still work for elderly consumers of minimal or moderate means without eviscerating their life savings. The article serves as a useful survey of crisis Medicaid planning options through the use of Individual Retirement Accounts (IRAs).