The short answer is, you don't. Medicaid (and your fellow taxpayers) expect you to use your assets to pay for your medical care. The only way to "protect" your assets is to transfer them to someone else prior to the time you expect to need Medicaid (for nursing home care, at least 60 months prior), or spend them on some legitimate purpose for which you receive "fair market value."
Medicaid will file a lien/estate claim on your assets to recover the cost of medical care.
Except for a limited amount, Medicaid expects you to use your assets to pay for medical care.
Medicaid can file a property lien and/or estate claim to recover expenses from the assets of the deceased recipient.
You can sell your assets, as long as you receive fair market value for them. However, doing so might put you over the asset limit for Medicaid in your State, whereupon you will have to "spend down" those assets to resume Medicaid eligibility.
I think you mean medicaid. Medicare is the program for which seniors (and some others) are eligible. Medicaid is the program for those of limited means. The iirevocable trust works if the patient is not a beneficiary of the trust and conveyed his / her assets to the trust at least five years ago. If the conveyance was within five years, then the trust assets will be counted as the patient's assets for purposes of qualifying for medicaid.
Medicaid will expect you to pay to the nursing home the income/assets you have that exceed the Medicaid standard.
Only if your family's income/assets are within the Medicaid standards.
No, but when you marry, Medicaid will look at you and your spouse's income/assets.
Yes, if you have limited income/assets.
That money becomes an asset and depending on the amount plus the Medicaid client's other assets, might affect eligibility.
If your income/assets are below the threshold (typically, 200% of Federal poverty level for a pregnant person), Medicaid should be free. Otherwise, you might owe a "spend down."
Check with Medicaid, but in Oklahoma I believe you can pay a relative all assets for caregiving to qualify for medicaid
Medicaid will pay for funeral and burial to the extent that the recipient did not have any other assets, including life insurance, available.
Medicaid may file a claim against the estate of the deceased recipient, including any real property.
You may receive Medicaid at age 15 if you meet eligibility factors, principally citizenship and limited income/assets.If you are living with one or both parents, the state will take their income and assets into account when deciding on your eligibility. If you are living apart from your parents, the State will likely grant Medicaid to you and contact them about reimbursement.
You qualify for Medicaid based upon your income and assets (i.e. savings accounts, home, etc.) The specifics depend what state you live in. Go to healthcare.gov and answer the questions. It will give you links to your state's Medicaid office.
Medicare - yes. Medicaid - if the person has limited assets/income and meets other eligibility factors including citizenship.
The only thing affecting the child's eligibility for medicaid is income and assets.
To protect Meidcare and Medicaid recipients from fraud, and to regulate anyone involved in providing Medicare and Medicaid related services and products.
You may receive Medicaid and Medicare disability at the same time if you meet eligibility factors, principally citizenship and limited income/assets.
This is a very tricky question to answer. The amount of assets you own do not impact your ability to qualify for coverage, but your asset level may impact the amount you are asked to pay in premiums. It all depends upon whether your state expanded Medicaid, and if your income level falls below the Medicaid means testing for your state. States that did not expand Medicaid continue to include the requirement that assets be below $2,000. Those that did expand Medicaid look only at income. If your income is between 100% and 400% of the Federal Poverty Level you will not qualify for Medicaid, but may qualify for subsidies. Your asset level is not considered.
Your drug conviction should not be a bar to Medicaid eligibility. You should be able to get Medicaid based on your pregnancy, assuming you meet the other eligibility factors including citizenship and limited income/assets.
You can get Medicaid when pregnant if you meet the eligibility requirements - principally, citizenship and limited income/assets. Medicaid can be backdated up to three months prior to the month of your application.You can get Medicaid even if you have insurance; however, your provider(s) must bill your insurance first, prior to billing Medicaid.
As soon as you believe that your medical expenses will exceed all but a small portion of your income/assets.
Russ Hereford has written: 'Transfer of assets' -- subject(s): Medicaid