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. ...
Last column I explained that a senior seeking Medicaid assistance for long-term care cannot have monthly income over a certain amount to qualify. However, there are different ways in which the applicant’s income can be calculated. What if the applicant’s income is...
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. ...
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...
Last column I explained the options to pay for long term care are limited. Adding to the problem is a significant amount of incorrect information about what those options are. For example, many seniors erroneously believe Medicare will pay long-term care costs. This...
