Tag: medicaid eligibility

Actions that a Married Couples Must Take After Qualifying for Medicaid

When a married couple is facing a health crisis for one spouse, there is a myriad of issues to sort through.  What care will be needed? Where will care be provided? How will it be paid for?

Medicaid is a government program that pays for long term care.  Oftentimes, the couple will utilize Medicaid for the spouse facing long term health care needs. There are rigid resource and income requirements to qualify for Medicaid and planning options available that are beyond the scope of this post, but have been discussed in other blog posts on this site, including http://www.perlalaw.com/medicaid-planning-with-annuities-for-married-couples/Read the rest

Ohio Medicaid Has Changed Treatment of Annuities

Previously, the purchase of an Annuity by a married couple after the date the spouse needing long term care entered a nursing home, hospital or other institution but before the Medicaid eligibility determination date, was treated as an improper transfer if the purchase price was above the amount permitted to be kept by the healthy spouse. New Medicaid rules allow for the purchase of an annuity above the amount customarily permitted to be kept by the healthy spouse during this window of time, as long as it meets Ohio Medicaid Annuity requirements.

Annuities can be a wonderful Medicaid planning… Read the rest

How to Qualify for Medicaid Coverage for Long Term Care

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… Read the rest

Lawyer Elizabeth L. Perla to Host Medicaid Lunch & Learn

Cleveland Medicaid Planning Lawyer Elizabeth L. Perla will host a lunch & learn at North Olmsted Senior Center on Wednesday, February 10, 2016. The program will educate seniors on basic estate planning and Medicaid planning and will touch on the differences between Medicare and Medicaid, Community Medicaid and Institutional Medicaid and Medicaid Waiver Programs like Passport and the Assisted Living Waiver Program. It will also address Medicaid eligibility and planning opportunities. For more information on the program, seniors can contact the North Olmsted Senior Center. … Read the rest

What Every Caregiver Should Know About Medicaid

Caring for an elderly loved one is one of the hardest jobs in the world.  Beyond the physical care that must be performed, you also have to practically become an expert in medical care and equipment, pharmaceuticals, and the like.  How to pay for medical care is also an issue that should be on your radar.  The purpose of this Medicaid Planning Guide is to provide you with an easy to understand guide to Medicaid and how it relates to you the Caregiver and the person you are caring for, who I refer to as the Caregivee. 

What is Medicaid?

Medicaid is a health insurance program funded with state and federal … Read the rest