Medicaid is a state and federal program that provides health coverage for those who meet certain eligibility guidelines. For people who are under age 65 and do require long term care in a nursing facility, eligibility is mostly based on income; therefore, these applications typically aren’t very difficult. People who need Medicaid to assist in covering long term care expenses, such as nursing home or home-based services, must meet more strict eligibility standards based on income and asset information of the applicant and his or her spouse.… Read More »
Category: Nursing Homes
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 »
Treatment of Income for Medicaid Recipients in a Nursing Home
Your Medicaid application has been approved. Fantastic! The approval notice mentions something about a “liability” owed to the nursing home each month. What is a liability and how did they arrive at this figure?