We at Absolut Care understand that applying for Nursing Home Medicaid benefits can be a very confusing process. We are here to help every step of the way!
Long Term Medicaid Resident Eligibility (With a Spouse)
The look back period is sixty (60) months. Medicaid will require all financial documentation for this time period in order to determine eligibility.
A community spouse may retain up to $74,820.00 in assets, in addition to this, the spouse is also entitled to one car and one house.
The home however will need to be deeded to the community spouse (only) in order for the nursing home resident to maintain eligibility.
The community spouse can retain up to $2,980.50 in monthly income.
You are allowed to set up burial funds, however they must be in an irrevocable trust.
If there is no spouse, the asset level allowed is $14,850.00. You may still set up a burial fund, however you are not allowed to maintain a car or a home.
Long Term Medicaid Resident Eligibility (With No Spouse)
The resource level for a long term resident is $14,850.00.
The nursing home resident must use their monthly income to help contribute towards the cost of monthly care. There is an allowance of $50.00 that the nursing home resident can keep. If there is an insurance premium that Medicaid allows for, these funds are also deducted from the income.
You can not maintain any other assets. All assets including a home, car, investments, etc must be used to pay towards the cost of care until you reach the level of $14,850.00.
Short Term Medicaid Eligibility (With No Community Spouse)
The resource level for short term rehabilitation is also $14,850.00.
You are also entitled to keep $845.00 per month from your income to maintain community expenses, such as rent, utilities, etc.
You can keep your home, (and one car), however you must sign an “intent to return home”.
Short Term Medicaid Eligibility (With a Community Spouse)
You can retain up to $2,980.50 per month in income.