To receive Medicaid assistance for long term care, a senior must show financial need. In some cases, significant financial decisions must be made to qualify for Medicaid. Unfortunately, due to misinformation or misunderstanding, some make decisions thinking their...
In recent columns, I have been addressing how a senior must qualify before Medicaid will assist with the cost of long-term care. One requirement is to establish financial necessity, which requires a review of the Medicaid applicant’s assets and monthly income. ...
Last column I explained that a senior seeking Medicaid assistance for long-term care cannot have a monthly income over a certain amount ($2523 in 2023) to qualify. However, there are different ways in which the applicant’s income can be calculated. What if the...
To qualify for long term care assistance from Medicaid, a senior applicant must establish both health and financial need. Financial needs are determined based on both the income and the assets of the applicant. Previously, I have addressed the limits on income. ...
Although Medicaid is only one way to receive assistance with the costs of long-term care, it is an important and appropriate option for many people. The good news is that Medicaid assistance is an option for those who have the requisite medical needs, even if they...