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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.
Nearly 40% of Ohio's budget is spent on Medicaid, insuring low-income residents, but is that investment reflected in how healthy its residents are?
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.
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 ...
In most states, you must spend down to $2000. If there is a living spouse/partner they may keep an additional amount. [10] A welfare program, Medicaid does provide medically necessary services for people with limited resources who "need nursing home care but can stay at home with special community care services."
Medicaid estate recovery is a required process under United States federal law in which state governments adjust (settle) or recover the cost of care and services from the estates of those who received Medicaid benefits after they die.
If President-elect Trump cuts Medicaid funding, Ohio will have to make up the difference, cut services or slash enrollment. That could hurt hospitals.
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