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Then you'll have to do a $150 spend down before Medicaid will pay those nursing costs. That can be tricky, or easy to do, depending on your mother's medical expenses.
The federal agency over Medicaid provides health care to more than 76 million adults and children, some of whom may benefit from new programs being enacted in several states to meet their unique ...
Still, with proper planning, there are ways to shelter assets from Medicaid spend-down rules. Special trusts, home equity transfers and annuities can help protect savings and property.
The California Medical Assistance Program (Medi-Cal or MediCal) is the California implementation of the federal Medicaid program serving low-income individuals, including families, seniors, persons with disabilities, children in foster care, pregnant women, and childless adults with incomes below 138% of federal poverty level.
The resources available to each Californian (i.e. their income, accounting for taxes and benefits such as medical care) can be compared to an estimate of the resources required to meet their basic needs (a poverty threshold varying based on factors such as family size and local cost-of-living) to label them as "in" or "out" of poverty, and thus ...
It also establishes new rules for the treatment of annuities, including a requirement that the state be named as the remainder beneficiary, allows Continuing Care Retirement Communities (CCRCs) to require residents to spend down their declared resources before applying for medical assistance, sets forth rules under which an individual's CCRC ...
The rapid onset of the coronavirus pandemic in 2020 led to sweeping stimulus programs across the globe, particularly in America. In addition to enhanced loan programs for businesses, a moratorium ...
Full map including municipalities. State, territorial, tribal, and local governments responded to the COVID-19 pandemic in the United States with various declarations of emergency, closure of schools and public meeting places, lockdowns, and other restrictions intended to slow the progression of the virus.