How to Qualify for Medicaid Coverage for Long Term Care

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Medicaid will cover the costs of long-term care including nursing home, assisted living or home care for those who qualify.

Eligibility Requirements:

  • Must be over the age of 65, blind or disabled;
  • Income must either be below $2,199 per month or applicant must establish a Miller Trust also known as a Qualified Income Trust;
  • Resources must be below $2,000 (effective in 8/2016) for an individual or half the amount at the Snap Shot Date, not to be below $23,844 or exceed $119,220 for a married couple.

What if My Income is Too High?

As stated above, if your income is above$2,199 per month, you can establish a Miller Trust also known as a Qualified Income Trust and obtain eligibility. Speak to a Medicaid Planning Lawyer about establishing and operating the necessary trust.

What if My Resources are Too High?

Many resources are exempt including a primary residence, a vehicle, household good and personal effects, life insurance with cash value under $1,500, irrevocable prepaid funeral plans, burial spaces for applicant and his immediate family.

In addition, there are many planning opportunities available for applicants whose resources are too high, whether single or married. Whether you have $200,000 or $20,000, one consult with a Medicaid planning lawyer can save you thousands of dollars and is well worth your time. There is no one size fits all with proper planning. If you or your loved one is facing long term care needs, the best course of action is to schedule a consult with a Medicaid planning lawyer to explore your planning options.