Category: Medicaid

Advanced Medicaid Planning Series: Protection of the Home and Other Real Estate

While there are strategies to protect the home of those who are entering, or already in a nursing home, the focus of this article is on advanced Medicaid planning: for those who will not be needing nursing home care within the next 5 years. I will discuss crisis Medicaid planning techniques in a future series of articles.… Read More »

7 Asset Transfers Which Will Not Affect “Nursing Home Medicaid” Eligibility

#1 Transfers to spouse. A married Medicaid applicant/recipient who is an inpatient at a nursing facility may, without penalty, transfer all assets to the spouse who is still living at home.

#2 Transfers to a blind or disabled child. A Medicaid applicant/recipient may transfer assets to his or her blind or disabled child, according to SSI criteria, or to a trust fund for such a child, without penalty.… Read More »

Indiana’s New Income Limit Rule and Its Potential Impact on Your Medicaid Eligibility

Beginning June 1, 2014, Indiana implemented a change to its Medicaid eligibility standards for those residing in nursing homes or receiving waivered services. The new rule currently limits the gross income of Medicaid recipients to $2,199.00 per month (updated May, 2015). Each year, this Special Income Level (SIL) may be adjusted. Medicaid recipients whose income exceeded the SIL prior to June 1, 2014, received a written notice from the Indiana Family and Social Services Administration (FSSA) explaining that their Medicaid benefits would cease unless immediate action was taken. According to FSSA estimates, over 3,200 Indiana Medicaid recipients (residing in nursing homes or receiving waivered services) had incomes exceeding $2,199.00.… Read More »