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Then you'll have to do a $150 spend down before Medicaid will pay those nursing costs. That can be tricky, or easy to do, depending on your mother's medical expenses.
The law extends Medicaid's "lookback" period for all asset transfers from three to five years and changes the start of the penalty period for transferred assets from the date of transfer to the date when the individual transferring the assets enters a nursing home and would otherwise be eligible for Medicaid coverage. In other words, the ...
Still, with proper planning, there are ways to shelter assets from Medicaid spend-down rules. Special trusts, home equity transfers and annuities can help protect savings and property.
Oklahoma legislators must ensure accountability for every dollar directed to nursing home reimbursement. Oklahoma desperately needs nursing home staffing. New bill would only make the situation worse
Oklahoma Question 802, the Oklahoma Medicaid Expansion Initiative, was a 2020 ballot measure on the June 30 ballot (alongside primaries for various statewide offices) to expand Medicaid in the state of Oklahoma. It passed narrowly, over the objections of many prominent state elected officials, such as Oklahoma's governor Kevin Stitt. Medicaid ...
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 ...
Oklahoma's data was added to a report by the U.S. Senate Special Committee on Aging, which found that nearly a third of the nation’s 15,000 nursing homes are behind on comprehensive annual ...
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