Medicaid for Married Couples
Last week’s blog discussed the return of Medicaid renewals and the danger to some recipients of possibly losing their benefits. We believe now is a good time to give a refresher course in the use of the Qualified Income Trust (QIT), or Miller Trust. Many people had this requirement waived under COVID-19 rules and are…
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Stay at Home Longer with Home and Community Based Medicaid Many families have a strong desire to keep their loved ones at home for as long as possible. For some, it seems impossible due to the escalating costs of in-home care. Many individuals fear that they will have no choice but to move into a…
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We’re back in the car again on our Medicaid road trip. The unexpected and treacherous weather in the U.S. during the past week has certainly slowed us down. It is similar to working through the Medicaid process. Sometimes it is a smooth road and other times there are obstacles and surprises. Last week we talked…
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Mr. Smith was shocked when he was told that his wife could be eligible for Medicaid. Although they have never been wealthy, Mr. and Mrs. Smith always worked decent paying jobs and saved for retirement in their IRAs. How could they be eligible for Medicaid?
Read More Medicaid’s rules for eligibility are complex and there are so many misunderstandings. Families often mistakenly believe that adding more account holders to the Medicaid applicant’s bank account will reduce their assets. We often hear things like this, “Well, I added myself to Momma’s checking account last year, so won’t Medicaid look at only ½ of…
Read More Money, Death, and Medicaid—topics very few want to discuss. When it comes to planning ahead for retirement, long-term care needs or death, I have come to learn that few families ever approach these topics. Most of our families come to us in crisis – they have insufficient funds for retirement, no plan for their long-term…
Read More We often hear families talk about “Medicaid Nursing Homes” as if there are nursing homes in Georgia that are for residents relying on Medicaid. There is a fear behind this assumption that Medicaid beneficiaries are relegated to terrible nursing homes. Fortunately, this is a myth. Most nursing homes in Metro Atlanta are dual-certified for Medicare…
Read More Are retirement plans counted towards the $2,000 Medicaid limit? I have been told that my mom does not qualify for Medicaid because of her 401(k) plan. I’ve also been told that she can keep that fund and still get Medicaid. What do I do? I almost cashed her plan out last week. The rules about…
Read More To qualify for nursing home Medicaid, applicants must pass some fairly strict tests on the amount of assets they own. While the Medicaid rules themselves are complicated and tricky, it’s safe to say that a single person will qualify for Medicaid as long as he/she has only exempt assets plus a small amount of cash…
Read More I want to look at the case we mentioned last week again: Sarah applied for Medicaid on behalf of her father, Don. Don owned a home that he placed in an irrevocable trust in 2014. When he first moved to the nursing home, he had about $85,000 in his checking account and a few certificates…
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