Tag Archives: medicaid

Nursing Homes Accepting Medicaid Patients

People who choose to arrange for a loved one’s care enter into a world of new definitions, new rules, and new qualifications. Often times, one doesn’t know what to believe, what to question, and what to research, as there is an inherent trust in any person of authority giving you an honest answer. Time to doubt what some say.

Many of us have heard firsthand that nursing homes avoid Medicaid patients because of the complex rules and requirements that they must meet as operators. Federal licensing standards are strict, requiring a higher ratio of skilled to non-skilled personnel. The licensing procedure itself can take up to three years to complete. The billing process also is more complex, requiring documentation to back up costs for services.

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Differences Between Medicare | Medicaid

Simply put, Medicare is a federal health insurance program for people age 65 and older, certain people under 65 with disabilities and certain people with kidney disease. Medicaid, which is administered by the states, is a program of health coverage for certain people with low incomes or very high medical bills. Eligibility for Medicare depends on age or disability only; eligibility for Medicaid depends on age, disability or family status and on an individual’s (or family’s) income and resources.

Coverage Differences Between Medicare & Medicaid:

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Advanced Planning For Medicaid

Saving enough money to pay for nursing home care is a practical impossibility for many older people and may make them rely on Medicaid for financial assistance. Planning for Medicaid qualification involves difficult decisions that have complex property and tax law implications. Also, the rules often change. However, planning opportunities do exist and early planning is essential to maximize the options available to you.

A Durable Power of Attorney is a document in which you give an agent authority to handle your affairs in the event you become incapacitated. It can be an extremely effective Medicaid planning tool if it contains a provision that allows the agent to make divestment transfers (including gifts to a spouse) that will enable you to qualify for Medicaid.

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