Medicaid is a joint state/federal program that provides health care for those in need. Medicaid often comes into play for senior citizens when it comes to paying for nursing home expenses when long term care is needed. There are three tests to pass in order to qualify for these benefits. Categories of Eligibility Test To be eligible for Medicaid benefits, the applicant must fit into one or more of Medicaid’s categories of eligibility: Individuals aged 65 or older needing care at the level … [Read more...] about Medicaid Planning and Passing the Eligibility Tests
Medicaid
Four Things You May Not Know About Medicaid
Medicaid is a state-run, federally-funded program that helps pay for medical care for those who cannot afford it on their own. Medicaid often enters the lives of senior citizens for nursing home expenses, but there are several little known facts regarding this program. 1. Gifting Restrictions In order to qualify for Medicaid, an applicant must meet eligibility requirements for both income and assets. In order to meet the asset limit, you are not permitted to simply gift property or … [Read more...] about Four Things You May Not Know About Medicaid
The Medicaid Surplus Income Program
Medicaid is a need-based, state run program that provides health care benefits for those who cannot afford them. Normally, Medicaid is available to those eligible for Supplementary Security Income or other forms of public assistance. In New York, there is a program available to those with higher incomes that normally disqualifies them for public assistance, but it is available to the elderly or disabled who spend down what Medicaid terms their ‘excess’ income on medical care until they reach … [Read more...] about The Medicaid Surplus Income Program
New York Partnership for Long Term Care
Nearly 70% of senior citizens will require some long-term care services at some point in their lives. What they do not realize is that Medicare and private health insurance do not pay for the majority of long-term care services that most people need. Long term care is defined as care that is necessary to assist an individual with the activities of daily living, such as bathing, eating and dressing, as well as medical issues from chronic or long term illnesses. New York is one of just a few … [Read more...] about New York Partnership for Long Term Care
