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Medicaid/Medical Assistance Planning Archives

What is the look back period for Medicaid eligibility?

Why is Medicaid/Medical Assistance Planning important? As we age, we may reach a point where it becomes difficult to care for ourselves. If so, it may be necessary to consider a nursing home. Affording a nursing home can be difficult. Unfortunately, many elderly people may need to become a resident of one temporarily or even permanently. Without proper planning, nursing home care can cut into one's savings, retirement funds and loved ones' inheritances. Pennsylvania residents might be under the impression that they can finance nursing home care through Medicaid, which may be true but is often complicated.

Spend downs can help you qualify for Medicaid

Medicaid/Medicaid Assistance planning may involve the spend down of cash and assets to qualify for eligibility. Pennsylvania residents trying to figure out how they will afford nursing home care may find themselves trying to figure out how their funds can be reduced. This is known as a 'spend down'.

The Medicaid look back period can trap the unwary

Medicaid, or Medical Assistance, is a welfare program designed to help pay for medical care for those who are of limited means, seniors and non-seniors alike. There are some services that Medicaid may cover that Medicare will not, especially when it comes to affording a nursing home. Medicare is an insurance program funded primarily through payroll taxes.

Get the right information about Medicaid planning

Medicaid/Medical Assistance planning should be an important consideration for many Pennsylvania residents who are thinking about how to cover the cost of medical expenses. Despite the efforts of the federal government, health care costs in America continue to rise. When it comes to medical expenses, Pennsylvania residents need to think about Medicaid/Medical Assistance planning and the possibility of using their own funds to cover a nursing home stay.

Eligibility Requirements for Medicaid/Medical Assistance

Medicaid/Medical Assistance planning can be helpful in obtaining eligibility for these government benefits by Pittsburgh residents, as this blog has discussed previously. There are specific income and resource requirements that a Pennsylvania resident has to meet before he or she can become eligible for Medicaid even he or she is medically needy. This is important to remember because, for many aging Pennsylvania residents, Medicaid may be the only option to help pay for long-term care.

Recent statistics: many people will need Medicaid

Recent statistics to consider for Medicaid/Medical Assistance Planning show that many people throughout the United States, including in Pittsburgh, Pennsylvania, will eventually have to rely on Medicaid/Medical Assistance to help them pay for their nursing home care.

Medicaid planning versus Medicare

Medicaid/Medical Assistance Planning helps people to protect themselves, their families and their assets. Many people, including Pittsburgh residents, probably routinely confuse the terms Medicaid and Medicare, assuming that since they both may pay for some long term care, they must operate in the same way. However, payments for long term care by Medicaid is different from the insurance payments by Medicare.

The look-back period in Medicaid planning

What is the look-back period in Medicaid?  If you are one of many residents in Pittsburgh confusing Medicaid and Medicare and assuming that paying for long-term care is the same in both programs, reading this post may be beneficial not only to explain the differences between the two but also to understand the impact of the look-back period.

Let us help you with Medicaid or Medical Assistance planing

Medicaid or Medical Assistance planning may help to protect you and your family.  Medicaid is funded by the federal government and Pennsylvania as a need-based program, which means that people who apply must demonstrate their eligibility, both medically and financially. This eligibility process can be an overwhelming task, as the paperwork and necessary documentation can be very confusing. In addition, even understanding the technicalities can be difficult - some individuals might be under the impression that the only way to qualify for Medicaid/Medical Assistance is to spend down all of one's assets. However, this is not the case since certain assets are not counted when determining financial eligibility.

Proposed law changes could improve tools in special needs plans

For those with family members who have special needs, ensuring that there are adequate resources for the care of their loved one takes research and planning. This entails not only looking into and pursuing the government programs and benefits available to support that family member, particularly as he or she moves into adulthood, but also setting aside funds to provide for that family member's care.

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