Reblogged: How to Qualify for Medicaid to Pay for LTC

Medicaid is a government program for impoverished people. It helps pay for long-term care services such as home care, hospice care, nursing homes, assisted living facilities and CCRCs but only if you meet financial and functional criteria that varies from one state to another.  To qualify for Medicaid, you need to meet certain requirements first and they are the following:

1. You are 65 and above or permanently blind or disabled.
2. You are a resident of the state where you apply.
3. You meet immigration rules and U.S citizenship

In terms of the financial requirements, the state will assess your available income and assets in order to determine whether you are qualified for Medicaid benefits or not. With regards to your assets, your personal belongings, primary residence, one motor vehicle, property essential to self support, certain burial arrangements, life insurance with a face value below $1,500 and assets held in specific type of trusts are exempted from the Medicaid eligibility determination.

You can contact your State Medical Assistance office or Area Agency on Aging for assistance with applying for Medicaid to pay for long term care.

Original Source: http://www.agingcare.com/Articles/medicaid-and-long-term-care-133719.htm