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Medicaid

New Medicaid and Medicare Figures for 2023

For those individuals receiving SSI or Medicaid, the Centers of Medicare and Medicaid Services (CMS) has released its SSI and Spousal Impoverishment Standards for 2023. The official spousal impoverishment allowances for 2023 are as follows: Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,288.75 Maximum Monthly Maintenance Needs Allowance: $3,715.50 Minimum Community Spouse Resource Allowance: $29,724.00 Maximum […]

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Plan Ahead Before Seeking Nursing Home Care: Avoid Unnecessary Debt for You and Your Family

Many senior citizens may need the services of a nursing home or at-home care at some point in their life. You might assume that government assistance or health insurance will step in and cover the cost if you cannot afford these services. Unfortunately, neither health insurance nor Medicare covers long-term care. Because obtaining long-term care

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What to Do If Your Medicaid Application Is Denied

If you apply for long-term care assistance through Medicaid and your application is denied, it may feel hopeless. The good news is that you can appeal the decision. Medicaid is a program for low-income individuals, so it has strict income and asset eligibility requirements. Qualifying for Medicaid requires navigating the complicated application process, which has

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New Medicaid and Medicare Figures for 2022

For those individuals receiving SSI or Medicaid, the Centers of Medicare and Medicaid Services (CMS) has released its SSI and Spousal Impoverishment Standards for 2022. The official spousal impoverishment allowances for 2022 are as follows: Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,177.50 Maximum Monthly Maintenance Needs Allowance: $3,435.00 Minimum Community Spouse Resource Allowance: $27,480.00 Maximum Community Spouse Resource

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What It Means to Need ‘Nursing Home Level of Care’ for Medicaid Eligibility

When applying for Medicaid’s long-term care coverage, in addition to the strict income and asset limits, you must demonstrate that you need a level care typically provided in a nursing home. Whether you are applying for nursing home coverage or through a Medicaid waiver program for coverage at home, you must meet the level-of-care requirement

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Dual Eligibility: How Qualifying for Both Medicare and Medicaid Can Help with Costs

Qualifying for Medicare hardly means free health care — there are still premiums and deductibles. However, people who qualify for both Medicare and Medicaid (called “dual eligibility”) receive help paying their out-of-pocket costs. Medicare is a federal program available to anyone 65 or older. It consists of four major parts, each of which have premiums

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