Crisis Planning and Medicaid Qualification

If I’m in a Nursing Home should I apply for Medicaid or VA Aid and Attendance Benefits or both?

It depends. The typical scenario is when a Veteran is getting in home care or is in an Assisted Living Facility they are typically eligible for VA Aid and Attendance Benefits but not typically eligible for Medicaid (Medicaid will sometimes pay for very limited amounts of in home care and limited amounts in an Assisted Living Facility but many Veterans will not qualify for this type of Medicaid).

What assets will disqualify me from receiving Medicaid?

When qualifying for Medicaid whether married or single you can have a home, a car, household furnishings, a prepaid burial contract or a life insurance policy with no more than $1,500 in cash surrender value and $2,000 in money if single and a little more if you are married.

I just entered a Nursing Home. Is there anything I can do now?

Yes. Get help right away. Many people have only $10,000 or $20,000 and feel they will pay the nursing home for 3 or 4 more months then when they are broke they will apply for Medicaid and therefore they do nothing.

What type of things can affect a crisis plan (planning after someone has entered a nursing home)?

If a nursing home resident is a wartime veteran or the spouse of a wartime veteran they may be eligible for $1,000 to $2,000 in assistance from the VA.

If I fail to plan ahead what will happen when I go to a Nursing Home?

Most people will lose everything they have unless they plan immediately. This requires a crisis plan.

If my spouse goes into a Nursing Home will Medicaid seize all my assets including my home?

No. Medicaid will not seize or sell your home. Medicaid can place a lien on your home but you still have the right to live in your home till you die.

What is Medicare, What is Medicaid and What is the Difference?

If you are on social security you probably have Medicare Part B premiums taken out of your social security check each month.

If I am in the Nursing Home and I don’t have much money do I still need to plan and why?

What is Medicaid Spend Down?

Medicaid Spend Down is spending a person’s money down to below $2,000 in order to qualify for Medicaid assistance to help pay the Nursing Home Bills.

What assets will disqualify me from Medicaid and what can I do with them?

Little things like a bass boat, a camper, more than one vehicle, old trucks and cars, four wheelers, a mule(4 wheel vehicle), a life insurance policy with $1,600 in cash surrender value, $3,400 in cash in a safe, old savings bonds, $2001 in a checking account.

When crisis planning what options and choices do I have?

Yes, you do have options on which assets to protect and which assets to let go.

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Crisis Planning and Medicaid Qualification

If I’m in a Nursing Home should I apply for Medicaid or VA Aid and Attendance Benefits or both?

What assets will disqualify me from receiving Medicaid?

I just entered a Nursing Home. Is there anything I can do now?

What type of things can affect a crisis plan (planning after someone has entered a nursing home)?

If I fail to plan ahead what will happen when I go to a Nursing Home?

If my spouse goes into a Nursing Home will Medicaid seize all my assets including my home?

What is Medicare, What is Medicaid and What is the Difference?

If I am in the Nursing Home and I don’t have much money do I still need to plan and why?

What is Medicaid Spend Down?

What assets will disqualify me from Medicaid and what can I do with them?

When crisis planning what options and choices do I have?

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