To qualify, a person must:
Require skilled nursing care – Those already living in a nursing home most likely will qualify under Medicaid rules as needing skilled nursing care. For others, Medicaid will assess whether or not they need to be in a nursing home before making any approval.
Not have too much income.
Have only assets that don’t exceed what’s allowed, or that are not counted towards eligibility.
Not give away assets. Medicaid requires patients to first exhaust their own funds for their care before applying for coverage. Under Medicaid rules, assets given away during the five year period prior to applying for coverage are still considered patient assets. The good news is that we have strategies that may undo or at least lessen the impact these gifts have on your eligibility.
Medicaid Success Select can help determine the best strategy to use and guide you through every step of the process.