The provisions for a spouse to retain higher income and assets may help offset insufficient PNAs but only for married beneficiaries with spouses able to contribute financially. Likewise, California eliminated a
Review the maximum Medicaid income limits and qualifications for both individuals and couples by state. Still have questions? Let Caregiverlist help!
Medicaid is a public health insurance program for low-income people that's jointly funded by states and the federal government.
You see, Medicaid has strict income and asset limits. Funds received from a reverse mortgage home purchase can potentially count as income, affecting your eligibility. It’s crucial to consult with a financial advisor or Medicaid planner to understand how a reverse mortgage could impact your specif...
Lawmakers in Florida, Hawaii, Indiana, Iowa, Maine, Mississippi, and New Jersey have introduced bills to address the issue this year, according to the National Conference of State Legislatures. Several other states have raised or eliminated their program's income and asset caps. Iowa's ...
This might include requiring applicants to prove their disability hinders them from performing “substantial gainful activity,” in addition to meeting income and asset requirements. Check with your state’s Medicaid program for specific requirements. Medicaid eligibility for Medicare beneficiarie...
Medicare beneficiaries typically qualify for Medicaid by meeting state-specific income and asset limits, which are different from Medicaid’s income eligibility standards for nonelderly and nondisabled individuals. The annual assessments for Medicaid’s asset test can place a heavy bur...
Free Consultation and Assessment! Call for a free consultation to review the income and asset limits so that you have a clear picture of the process. Don’t Stress Over the Application We Submit the Application For You! Receive an itemized documentation checklist with step by step instructions....
In addition to the strict income and asset limits, you must meet level of care requirements in order to qualify for nursing home coverage. Each state sets its own level of care criteria, and the criteria are not always clear. The state looks at an applicant’s functional, medical, and cog...
NOTE: Spousal Impoverishment or Enrichment? An Assessment of Asset and Income Transfers by Medicaid ApplicantsLouis D. Torch