The Department of Health and Human Services released a proposed policy change to increase the deduction allowed a Medicaid recipient’s patient pay amount for a guardianship/ conservatorship fee. Beginning October 1 – if approved – the deduction for guardianship/ conservatorship fee for a Medicaid recipient will be increased from $83.00 to $95.00 per month. More
- Changes in Elder Law
- Estate Planning Documents
- Long Term Care Insurance
- Plan Your Estate
- Senior Care
- Social Security
- Special Needs Trust
- Veteran's Benefits
The health care debate has been in large part characterized by rhetoric and misinformation with little discussion on how the House’s American Health Care Act would actually impact states. The Congressional Budget Office – with its poor track record of analyzing proposed legislation – estimates that it would cut Medicaid spending by $800 million over ten years by rolling back the Medicaid expansion under the Affordable Care Act (i.e. Obamacare) and by implementing Medicaid per capita caps. More
The Michigan Department of Health and Human Services recently released its updated Medicaid rules and there have been some slight increases to the minimum and maximum income limits that a community spouse is permitted. If a spouse is admitted to a nursing home and approved for Medicaid benefits, effective July 1, the community spouse is allowed to keep a minimum of $2030.00 in monthly income up to a maximum of $3023.00. In other words, if a community spouse’s only monthly income is $1000.00, then he or she can retain an additional $1030.00 for his or her spouse’s monthly income. More
There is a common misconception that Medicaid planning is not in the best interests of nursing homes. After all, the longer the resident privately pays the nursing home – at $8000 or more per month – the more money the nursing will make. However, many nursing homes recognize how financially harmful this approach can be.
What happens for example, when those private pay residents run out of money before they qualify for Medicaid benefits? How does the nursing home get paid? As many nursing homes can attest, since family members are not responsible for paying the nursing home, it is extremely difficult to collect on an outstanding bill. Until the resident is approved for Medicaid, the nursing home rarely gets paid which typically results in the loss of thousands of dollars. Had Medicaid planning been undertaken, the nursing home would have been paid.
Here are a couple of examples where the nursing home suffered due to the lack of Medicaid planning: More
According the Long Term Care Community Coalition, many people are unaware of the vital support Medicaid provides to millions of middle class families. Here are few areas in which Medicaid provides essential support:
- Financial Security for Nursing Home Residents. The majority of nursing home care is paid for by Medicaid. Without Medicaid, many middle class families would not be able to provide the necessary care for their loved ones.
- Care and Support for Older Adults. The demand for caregivers is increasing as the population of older adults – particularly those over age 80 – increases.
- Care for Those With Dementia. Medicaid makes it possible to care for the growing numbers of Americans who suffer from Alzheimer’s.
- Maintaining Life in the Community. For many seniors and disabled persons, Medicaid is the only option for care in the community.