The process of applying for Medical Assistance (Medicaid) can be complex. Learn about Medicaid Planning, Applications and Appeals of Benefit Denials and related topics.
"The Medical Assistance or “Medicaid” applicant must meet several criteria to obtain benefits. If deemed eligible, Medicaid will partially offset the applicant's cost of nursing home care.
Medicaid covers everything from standard medical care to nursing home or personal home care services. But to qualify, an applicant must meet the program’s strict technical, medical, and financial requirements.
What you don't know about Medicaid can cost you and your loved ones. Here are some common traps that can be avoided with planning and help of a knowledgeable elder law attorney.
To qualify for Medicaid, a Federal program wherein the government pays a portion if not all of an elderly patient’s long-term care costs, an applicant cannot own more than $2,500 in countable assets.
Most banks allow customers to pay bills from large, stable debtors such as credit cards companies, utilities, or nationwide retailers directly from their bank account. That service is now available to Medicare recipients.
Today, it is possible to re-title the ownership of many assets by adding a beneficiary. When the asset is real property, for example your house, this occurs through the use of a life estate deed.
As baby boomers approach and live past retirement age it is no surprise that significant demands will be placed on every industry associated with caring for the elderly.
