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Treatment of Income

Perhaps the most well-known requirement to qualify for Medicaid is the limitation on assets. If you’re familiar with the Medicaid program you’ll know that to be eligible for benefits in most states, single individuals must have less than $2,000 in countable assets. Aside from assets limitations however, eligibility also has requirements related to income. The […]

Financial Products

In the previous blog post we discussed how Medicaid treats primary residences in terms of eligibility and the availability of the home equity as an asset. Aside from real estate, let’s take a look at what financial products will be considered when determining Medicaid eligibility. Medicaid’s definition of countable assets includes almost any financial product, […]

Available Assets: Primary Residence

When someone applies for Medicaid assistance, one of the very first things Medicaid considers for eligibility is the applicant’s ‘available assets.’ In other words, Medicaid wants to know what funds are available to pay for long-term care. As of 2021, most states require that single applicants have less than $2,000 in assets, while married applicants […]

Long-term Care Costs – Medicaid Planners Can Help!

With Americans living longer than ever before, more and more are reaching a point where they are unable to care for themselves. Whether it’s due to a chronic illness, disability, or other causes, once someone is unable to perform essential activities of daily living on their own, they become a candidate for long-term care. The […]

9 Tips You Must Know About Paying For Nursing Home Care

1. It’s possible to protect 100% of a married couple’s assets and still qualify for Medicaid assistance. Medicaid policy allows for certain asset transfers from the spouse in the nursing home to the spouse living at home. 2. The maximum amount of nursing home coverage by any Medicare plan is 100 days. In many cases, […]