Some Medicaid beneficiaries might be able to spend down their income on medical bills to qualify for the program.
The article discusses the study titled "Medicaid Spend Down: New Estimates and Implications for Long-Term Services and Supports Financing Reform," prepared by RTI International which found that many seniors who transfer assets to their children or family members never achieve Medicaid eligibility....
A pooled community trust is regularly utilized to prevent thespend downof income by the recipient of Medicaid home care. It is a specific type of Special Needs Trust (SNT). An SNT allows a person with a disability to continue receiving government benefits, such as Medicaid and Supplemental Se...
“We never dreamed that we would be using Medicaid to ensure my dad was cared for in his final years. However, when our time of need arrived, the team at Commonwealth Advisory Group was there to carefully walk us through the Medicaid application process step-by-step. They made it so easy...
“The Biden Administration is committed to bringing down health care costs for families. Consumers can save money by visiting HealthCare.gov and choosing a plan that works for them and their budget. HHS will be reaching out to encourage Americans to use the Special Enrollment Pe...
Because this was a drive-in event, instead of applause, viewers got to hear car horns where pauses were taken for applause. Biden had a lot of energy as he walked up without a mask (the podium was wiped down), but he did put a mask right back on after his remarks. ...
Can public debt come down even with a government budget deficit? Do you think there is a way to raise a trillion dollars for investment in infrastructure without raising taxes and without increasing government debt? Do U.S. legislators have any real incentive to ...
AARPcosts $12 for the first year (with auto-renewal), you get to pick a free gift, and a second membership in your household free. And they promote hotel discounts up to 15% (can be better or worse than AAA); AT&T (up to $10 off per line per month, I’m an AT&T customeranyway...
Medicaid: May provide extensive home care benefits based on income and needs. Long-term care insurance: Offers a variety of in-home care options. Private health insurance: Some plans may include home health services. Veteran’s benefits: Available for eligible veterans needing home care support. ...
Conventional wisdom holds that large numbers of elderlyAmericans spend down their life savings in nursing homesbefore they qualify for Medicaid. Recent research indicates otherwise. This article demonstrates that most nursing home costs derive from direct government payments or income, notsavings and that...