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New York State is More
Generous than Other States

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22. Consider staying in or moving back to New York. If you're planning to move out-of-state and anticipate needing long-term care, think twice. If you've already moved to another state and are now in need of home or nursing facility care, returning to New York may be best, both medically and financially. That's because New York law is more generous in providing for long-term care needs than most other states.

This is especially true for home care. Many states have very limited home care programs, and eligibility for their programs may be difficult to establish. New York on the other hand, has a huge home care program. There is a lot of funding for home care, and many providers.

We've had clients who retired to Florida. When their health started failing, they had to return to New York because they just couldn't get the kind of health care in Florida they could here.

Another reason New York is favored with regard to home care is that there's no "look back" period to check for transfers. There is also no penalty for transferring assets, hindering your ability to qualify. In New York State you can do effective planning, shift assets as needed and very quickly become eligible for home care. If you initiate an asset protection plan, you can sometimes become eligible much sooner than you might think.

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