- A married or non-married person residing in a nursing home is permitted to have $50 per month as a personal needs allowance.
- A Medicaid applicant or recipient is allowed to retain $4,350 in assets (not counting the home and certain other exempt assets) plus a $1,500 burial account.
- The Community Spouse of an Institutionalized person is entitled to an income of $2,610 per month.
- Where one spouse is in a nursing home, the community spouse has a maximum resource allowance of $104,400.
- A home, condo, or coop apartment, if it is worth less than $750,000, is exempt for eligibility purposes. However, it is subject to a Medicaid lien for the amount of the benefits provided, and the lien will be satisfied upon the death of the recipient.
|
If you need Home Care or Nursing Home Care and wish to apply for Medicaid Benefits, with proper legal advice, you will not be forced to spend down your income and your assets until you have practically nothing left. Obtain legal advice from a New York Elder Law attorney at Lamson & Cutner to understand your options, and ask for a comprehensive Medicaid plan for you, to conserve your income and your savings. Call Toll Free: 866-524-1818
Medicaid Planning is ESSENTIAL in order to protect your assets....
|
| Seek LEGAL ADVICE from the Medicaid Planning Lawyers at Lamson & Cutner regarding: |
The Nursing Home Care Program
The Long Term Home Health Care Program
|