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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 Republican attempt to cut Medicaid spending as part of an ACA repeal during Trump’s first administration failed, and the ensuing controversy contributed to the GOP losing the majority in 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.
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 ...
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.
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 ...
The federal agency over Medicaid provides health care to more than 76 million adults and children, some of whom may benefit from new programs being enacted in several states to meet their unique ...