Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. In order to qualify for Medicaid, an individual must be poor. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
Tag: Medicaid eligibility
Medicaid Income Requirements for 2024
In order to obtain Medicaid assistance to pay for long-term care, a person must satisfy three basic requirements for the program. First, the individual must be in “clinical” need of Medicaid assistance. There must be a medical or underlying health…
Protect Home for a Spouse
If a spouse requires long-term institutional care then it will have a significant impact on the family’s finances. Only after the assets have been spent down will Medicaid provide coverage for that spouse’s long-term care needs. This is known as…
New Medicaid Rules Concerning Spousal Support
If a spouse requires long-term care then Medicaid has strict rules with respect to resource and income eligibility. After the family’s resources are spent down, then the institutionalized spouse will be entitled to Medicaid assistance to pay for his or…
Medicaid Laws for Gifting Assets
Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. An individual must be poor in order to qualify for Medicaid. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
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