If a person requires skilled care after a hospital stay of at least three days, then Medicare will cover a portion of that person’s care in a facility. According to the applicable federal law, Medicare will provide payment in full…
Tag: nursing home care
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. …
Medicare Changes Daily Co-pay
If a person who is on Medicare requires therapy, rehabilitation or skilled care in a facility, then Medicare may pay a portion of that person’s care in the facility. According to federal law, that individual must have been in a…
Medicaid Now Allows the Healthier Spouse More Assets
There is a tremendous cost associated with nursing home care for a spouse. Most nursing home facilities charge approximately $12,000 to $13,000 each month for a semi-private room. Medicaid will pay for nursing home care, but only after the family’s…
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Change in Law Concerning Medicaid Penalty
When gifts are provided within the Medicaid five year look-back period, the County Board of Social Services will impose a period of ineligibility for assistance. This is known as the Medicaid penalty period. The duration of the penalty period is…
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