Medicaid Rules

for Long Term Care - the Basics

Medicaid Rumors

Most people have heard the rumors about Medicaid. "You must be broke!" "You will lose your home!" "If you have given any property away in the last 5 years, you will not qualify." While these rumors have their roots in the black and white rules, the reality is, the rules are vastly more colorful and these rumors are mere weeds choking out the truth. In other words, do not accept these rumors as fact. 

If you have questions regarding Medicaid rules and whether you or your spouse will qualify, please give us a call so we can discuss your specific situation.


The 3 Rules

To qualify for Medicaid there are 3 main requirements:

1. Need assistance with activities of daily living (ADL)

2. Have no more than $2,249.00 a month in income

3. Have no more than $2,000.00 in assets

The rules tend to paint a bleak picture, but do not take these rules at face value. Each one of these rules must be qualified and applied to your specific situation. For example, a well spouse of a married couple may be able to keep up to $128,640.00. Also, you could have a combined income of more than $5,000.00 a month and still qualify. Again, applying the broader rules to your situation will paint a much different picture than the one we see just looking at the 3 rules.


If you or a loved one are considering long term care, give us a call. We will likely be able to help you understand whether Medicaid is an option for you within the first 20 minutes. 

*The above is provided for information purposes only and should not be construed as legal advice.