Medicaid will pay for home care or nursing home care if the applicant’s available, countable resources are less than $2,000. An allowance called the Community Spouse Resource Allowance is available for Medicaid applicants who are married. If Medicaid discovers an applicant has transferred property five years before trying to get Medicaid, they may be hit with a “transfer penalty” that triggers a period of time in which they are disqualified from Medicaid. However, real estate exemptions exist that do not interfere with being approved for Medicaid. (more…)
In addition to strict income guidelines determining whether nursing home patients qualify for Medicaid, penalties also involve rules governing the Medicaid look-back period. Also referred to as the “penalty period”, the Medicaid look-back period evaluates dollar amounts of assets divided by the daily private or average monthly private rate of nursing home services. For example, if the average monthly cost of nursing home care in a particular state is $4000 and the patient received $60,000 in gifts during the penalty period, then the patient will be unable to qualify for Medicaid coverage for 15 months, ($4000/$60,000 = 15 months).
Fortunately, a Bonita Springs elder lawyer has in-depth knowledge of Medicaid’s complicated eligibility rules and may be able to help you find ways to reduce or eliminate months of Medicaid ineligibility. (more…)
An elder law attorney in Naples, equipped to handle a wide variety of matters relevant to elderly people, can be a legal advocate for senior citizens and their families. In addition to issues relating to Social Security, Medicaid/Medicare, long term care planning and estate planning, elder law attorneys can also: (more…)