Litherland, Kennedy & Associates - Quarter 2 2024

2024 CHANGES TO MEDI-CAL ELIGIBILITY

Effective January 1, 2024, the Medi-Cal eligibility asset test has been removed for people aged 65 and above, and those deemed disabled by the state or who are blind. This is huge! Previously disqualifying factors such as a second property, financial accounts, or certain insurance/annuity policies will no longer disqualify individuals from receiving Medi‑Cal benefits.

So, what does this mean for you?

Many seniors express concerns about how they will cover future care expenses if needed. Witnessing oneself, a spouse, or a parent facing declining health can be distressing, especially when considering the potential financial strain of care. Home care costs can exceed $50 per hour, while Assisted Living communities may demand $10,000 monthly. And beyond that, there is skilled nursing care which costs approximately $15,000 to $24,000 per month. Medi-Cal, California’s implementation of the federal Medicaid program, is set up to help pay for long-term care expenses. Medi- Cal ignores assets for eligibility and the program only looks to your income to determine your share of cost. Once an individual is approved for Medi-Cal benefits, it is crucial to note that those benefits are not a gift. Upon the recipient’s death, Medi-Cal will seek reimbursement for expenses paid on their behalf through the Medi-Cal Estate Recovery Program.

It's advisable for anyone aged 65 and above, especially those with significant care needs, to explore Medi-Cal options before an urgent situation arises. Consulting our office beforehand allows us to address timing, review Share of Cost considerations/income sources, and most importantly, safeguard assets to prevent repayment through the Estate Recovery Program.

GRILLED STEAK WITH CHIMICHURRI SAUCE

Savor the flavor with our mouthwatering grilled steak, paired perfectly with vibrant chimichurri sauce.

INGREDIENTS:

For the chimichurri sauce: • 1 cup fresh parsley, chopped • 2 cloves garlic, minced • Juice of 1 lemon

2 lbs steak (flank, sirloin, or skirt steak) 2 tbsp olive oil Salt and pepper, to taste

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2 tbsp olive oil 1 tsp red pepper flakes Salt and pepper, to taste

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SOLUTION ON PAGE 2

DIRECTIONS:

1. Preheat grill to medium-high heat. 2. Rub the steak with the olive oil, salt, and pepper.

WHEN DOES A JOKE BECOME A DAD JOKE? WHEN IT BECOMES APPARENT.

3. Grill the steak for 4–5 minutes per side or until it reaches desired doneness. 4. Meanwhile, make the chimichurri sauce: In a small bowl, mix together the parsley, garlic, lemon juice, olive oil, red pepper flakes, and salt and pepper. 5. Let the steak rest for 5 minutes before slicing. 6. Serve the steak with the chimichurri sauce and enjoy!

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