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: nursing home facility
New Medicare Co-payment for 2024
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…
Medicaid Allows a Spouse to Keep More Assets in 2024
The cost of long-term care can be catastrophic. Families have lost virtually all of their life savings due to the tremendous cost of long-term care in a facility. Fortunately, there are a number of laws that protect a healthier spouse…
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Changes to Medicaid Rules for Married Couple
When a spouse requires long-term care it can result in devastating financial hardship for the healthier spouse. There are special federal and state laws, however, that prevent the healthier spouse from being impoverished. One of these provisions of the laws…
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…
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