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Hancey Law Offices

Hancey Law Offices

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Medicaid Issues

Medicaid Issues, Tax Exemption

Many clients have asked what they can do as they, or loved ones, approach the necessity of receiving nursing home care.  Medicaid is a federally funded, state-managed program that provides coverage to those that cannot afford nursing home care.

It is true that you must have less than two-thousand dollars in non-exempt assets for each month you want to qualify for Medicaid.  In essence, you must be impoverished to qualify.  Nevertheless, at four to five-thousand dollars a month, unfortunately, many people will reach that threshold without proper planning.  Proper planning can include understanding what assets are exempt and what other transactions can be entered into prior to applying for Medicaid.

If these issues affect you or someone close to you, it would be wise to review the Medicaid policies on the transfer of assets and the exempt assets, i.e., assets that are not included when calculating the two-thousand dollar limit.  While there is no magic wand in Medicaid eligibility, there are many things that a person can do to lessen the burden.

Below I have provided a link to a Medicaid Nursing Home Information booklet prepared by the Utah Department of Health.

After you review this document, I would be happy to set up an appointment with you to discuss how these issues may specifically relate to you and your loved ones.

 

 

MEDICAID NURSING HOME INFORMATION PAMPHLET


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