Will an Increase in Income Make a Nursing Home Resident Ineligible for Medicaid?
If a married couple is on Medicaid and one passes away, causing the survivor's assets to exceed the $2,000 limit (because...
Read moreThe only rules for the remaining $2,000 are that (1) the money must be spent only for the Medicaid beneficiary and (2) it may not exceed $2,000. However, with respect to the second rule, it may exceed $2,000 temporarily because income is not treated as an asset until the following month. For example, suppose a Medicaid beneficiary has $1,500 in the bank and on June 3rd she receives a Social Security payment of $800, bringing the bank balance up to $2,300. This is not a problem as long as the money is spent down so that by June 30th the balance is back under $2,000.
For information about Medicaid's asset rules, go here: http://www.elderlawanswers.com/medicaids-asset-rules-12016.
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If a married couple is on Medicaid and one passes away, causing the survivor's assets to exceed the $2,000 limit (because...
Read more
A family member in a nursing home has Medicaid pending. He was clearly qualified, but last week he became eligible for ser...
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Can a person apply for Medicaid before assets are spent down to below $2,000? Once assets are down to $2,000, who is respo...
Read moreMedicaid Rules, etc