CMS's Updated Financial Guidelines for Community Spouses in 2020
The Centers for Medicare and Medicaid Services have just released their guidelines regarding the “community spouse” for 2020. A “community Spouse” is the spouse of a Medicaid recipient who is living in a nursing home. There is an allowance threshold that applies to the community spouse, known as the CSRA or community spouse resource allowance […]
Recent Changes Mean New Challenges When Applying for Long Term Care Benefits Through the VA
New rules the VA has imposed on beneficiaries make it more challenging to qualify for long-term care benefits than ever. There never used to be penalties for transferring assets and affecting eligibility; however, that has all changed. In the case of Medicaid, a net worth maximum of assets (in 2018) is $123,600 which a spouse […]
How Can I Keep my Home Safe from Medicaids’ Grip
A common perception of applying for Medicaid and moving into a nursing home is that you will lose your home. While you aren’t required to sell your home to qualify for Medicaid nursing home care, the state could potentially make a claim against your house upon your passing. People’s first inclination is often to give […]
What Giving Away Money or Property Can Do to Your Medicaid Eligibility
Any and all transfers of money or property, no matter how big or small, are at risk of coming under scrutiny during the Medicaid look-back period of five years. Whether it is a charitable donation or holiday gift, the rules still apply however there are some instances that are exempt. Read on to find out […]
Don't let Medicaid misconceptions lead to tragic consequences.
There are many misconceptions when it comes to what happens when a client applies for Medicaid. In this case, it was misconstrued that the patient, who needed full-time care, would lose her home that she shared with her daughter and granddaughter if she applied for and received Medicaid benefits. How could this tragedy have been […]
