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But spend-downs, which each state regulates differently, can be overwhelming and stressful, since Medicaid won't pay for medical or nursing care until you've submitted the medical bills that will ...
The California Medical Assistance Program (Medi-Cal or MediCal) is the California implementation of the federal Medicaid program serving low-income individuals, including families, seniors, persons with disabilities, children in foster care, pregnant women, and childless adults with incomes below 138% of federal poverty level.
Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a significant ...
Advanced planning with special trusts, annuities and equity transfers can help shield assets from Medicaid spend-down requirements for nursing home care. But these tools require foresight and ...
It also establishes new rules for the treatment of annuities, including a requirement that the state be named as the remainder beneficiary, allows Continuing Care Retirement Communities (CCRCs) to require residents to spend down their declared resources before applying for medical assistance, sets forth rules under which an individual's CCRC ...
Republicans also believe they can achieve a significant amount of their spending cuts by targeting fraud in Medicaid and Medicare. But eliminating all fraud and waste would likely only chip away ...
The $880 billion Medicaid program is financed mostly by federal taxpayers, who pick up as much as 80% of the tab in some states. And states, too, have said they're having trouble financing years of growth and sicker patients who enrolled in Medicaid. To whittle down the budget, the GOP-controlled Congress is eyeing work requirements for Medicaid.
Tax collections are projected to rise by less than $800 million in the 2025-26 fiscal year, and Republican lawmakers are wary about spending down the state's roughly $10.5 billion surplus for fear of depleting it within a few years.