Medicaid is a joint federal and state program that helps people with limited income and few assets cover health care costs and long-term care costs. But what exactly does low income and limited resources mean? Can you get Medicaid if you own a home? Can you own a car on Medicaid? What...
The article offers information on a supreme court case from Idaho where the Idaho Supreme Court has ruled that the state government can take assets from the estate of a Medicaid recipient's spouse even before the death of the Medicaid recipient....
To be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. So, it has imposed a penalty on people who tr...
“If we really, truly have to treat people for a decade or more, you certainly don’t want them coming in for infusions every two weeks,” McDade said. Richardson and about 240 other participants in the study will get an injection of remternetug or a placebo every three months for two...
In addition to Medicaid, CHIP, and Marketplace health insurance, there are other government programs that can provide assistance with accessing healthcare services for individuals who cannot afford traditional health insurance. Here are a few examples of other government programs you can explore: ...
You can transfer your assets into an irrevocable Medicaid trust instead of conducting a “spend down.” All asset transfers to a Medicaid trust are subject to a look-back period (typically five years), so it is best to plan in advance. ...
You can also find information about Medicare on theMedicare Facebookpage and by following@MedicareGovon Twitter. Information provided by the U.S. Department of Health & Human Services. Source: Centers for Medicare & Medicaid Services
You apply through the Medicaid program in your state, as listed on this page at Medicaid.gov. To get unbiased, one-on-one help with the application, contact your State Health Insurance Assistance Program (SHIP). For you: The Well Adjusted newsletter:Sign upto get simple strategies to work ...
When asked why he didn’t apply for Medicaid, Paulson replies, “My assets totaled too much, and I would have had to give up my truck. It was better for me to go my own way than to lose everything I ever worked for just to get some help short term.” ...
A major drawback to ownership of a 529 plan account for grandparents is the possible loss of Medicaid assistance. When Medicaid evaluates a grandparent's means, assets in a 529 set up by that grandparent are considered that grandparent's assets. The 529 plan account balance would have ...