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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.
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 ...
Congress passed the original Medicaid program in 1965 as a health insurance safety net for the most vulnerable low-income people in the United States. These individuals include the poor, parents ...
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 ...
The Florida Supported Living Waiver, also called the FSL Waiver or "Little" Waiver is another Florida Medicaid Waiver Program. This Waiver currently has a spending cap of $14,792.00. [5] There are eleven services on this waiver. Many people on the FSL Waiver are waiting to get on the HCBS Waiver.
Medicaid is a health care program created in 1965 for low-income people. It is jointly managed and financed by the federal government and the states. Nearly 69 million Americans were enrolled in Medicaid as of November 2016.
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