There are primarily four types of requirements to meet in order to become eligible for Medicaid.
1. CLASS REQUIREMENTS:
A person must be at least 65 years of age, blind or disabled, and be
- a U.S. citizen or resident alien and
- a resident of the State in which the Medicaid application is made.
An applicant must meet the medical eligibility requirement for Medicaid. An applicant must be evaluated and certified to meet the medical requirements.
3. INCOME ELIGIBILITY:
The applicant may not receive direct income of more than $2022.00. (Effective, as of January 1, 2009). If the amount exceeds the cap, a Miller Trust can usually solve the problem. In some situations, income can be allocated to a spouse who is still living at home.
4. ASSET ELIGIBILITY:
The baseline amount for eligibility is $2,000.00 subject to many exceptions. Much can be done if the amounts of assets greatly exceed the $2,000.00 baseline. There are many techniques available for legally preserving assets that will usually enable transfer or use of assets without losing it all. The base amount for both spouses entering a nursing home and applying for Medicaid is $3,000.00, also subject to many exceptions
Let an experienced Elder Care attorney, help you with all of your life planning legal needs. Mr. Kennedy serves clients in Dallas, Fort Worth, Arlington, Mansfield, Grand Prairie, and all surrounding areas in Tarrant and Dallas Counties.
*The Information provided in this website by Arlington elder care attorney Charles Kennedy is meant to be general in nature, not as advice for the exact circumstances you may face.