Every week I meet with clients who are concerned about their own, or a loved one’s, declining health. Sometimes, admission to a skilled care nursing facility is discussed as a next step because the family can no longer provide the level of care required to keep the loved one at home.
Becoming a family caregiver can be one of the most honorable jobs a person can have. It is no secret that an aging population has created new challenges for Indiana as Baby Boomers continue to retire.… Read More »
In order to qualify for Medicaid benefits to help pay for nursing home costs, certain asset and income guidelines must first be met. A single or widowed individual must have less than $2,000.00 in “countable” assets to qualify for Medicaid. Countable assets consist of, but are not limited to: … Read More »
Once your spouse has been approved for Medicaid to help pay the nursing home expense, you may wonder what will happen to your income. As the non‐Medicaid‐recipient spouse (“community spouse”) who is residing at … Read More »
Once your spouse has been approved for Medicaid to help pay nursing home costs, he or she will likely owe a portion of his or her income to the nursing home each month; this is referred to as the “liability” to the nursing home. The monthly liability owed to the nursing home is calculated by reducing the gross income of the Medicaid recipient by the following monthly costs:… Read More »