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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.
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.
Family members can get paid to be caregivers for their elderly parents through Medicaid, VA benefits, long-term care insurance policies, and caregiver agreements. Family caregivers often face ...
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MinnesotaCare is a health coverage program in the U.S. state of Minnesota for low-income individuals and families who do not have access to employee-sponsored health insurance and do not qualify for Medical Assistance (MA). [1] It is administered by the Minnesota Department of Human Services.
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 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 ...
In most states, you must spend down to $2000. If there is a living spouse/partner they may keep an additional amount. [10] A welfare program, Medicaid does provide medically necessary services for people with limited resources who "need nursing home care but can stay at home with special community care services."