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What’s the difference between VA Aid & Attendance and VA Disability?

“What’s the difference between VA Aid & Attendance and VA Disability?”

What's the difference between VA Aid & Attendance and VA Disability?When we’re talking about the VA in terms of helping people who are suffering from some type of illness or injury, there are two major programs.  VA Disability and VA Pension (Aid & Attendance).  Let’s talk about these one at a time.

The first is the VA disability, also known as compensation.

VA compensation is for someone is dealing with a service-related injury or illness.

Let’s say we were … (Read more)


What is the “Maximum Community Spouse Resource Allowance” in 2017 for Alabama Medicaid long term care in a nursing home

Continuing our series on Alabama Medicaid in 2017 for long term care in the nursing home, let’s look at the maximum assets the community spouse can keep.

Let’s remember a few things before we get started.

Medicaid calls your assets “resources”.

The spouse in the nursing home is called the “institutional spouse” while the spouse living at home is called the “community spouse”.

OK let’s take a look at this idea of the maximum the community spouse can keep … (Read more)


What is the “Minimum Community Spouse Resource Allowance” in 2017 for Alabama Medicaid long term care in a nursing home

 

What is the "Minimum Community Spouse Resource Allowance" in 2017 for Alabama Medicaid long term care in a nursing homeContinuing our series on Alabama Medicaid in 2017 to pay for a nursing home, we previously talked about the $2,000 that the spouse (or single person) going into the nursing home could keep.  Now let’s turn our attention to the spouse who is living at home — how much in the way of assets can they keep?  This is known as the “Minimum Community Spouse Resource Allowance”.

First let’s break this phrase down to understand it.

Minimum(Read more)


What is the “Individual Resource Allowance” in 2017 for Alabama Medicaid for long term care in a nursing home?

We have talked about income for Medicaid now let’s turn our attention to the “resources” or assets that the person applying for Medicaid can have and still qualify for Alabama Medicaid.  This number is also called the “individual resource allowance“.  A fancy name of saying how much assets can the individual going into the nursing home keep and still qualify for Alabama Medicaid.

“What is the asset limit in 2017 for Alabama Medicaid?”

$2,000.

“Is this for both

(Read more)


What is the “penalty divisor” for gifts in 2017 for Alabama Medicaid for long term care in a nursing home?

We previously discussed in our 2017 Alabama Medicaid series that there is a 60 month (5 year) look back period where Medicaid is looking for gifts.  But what happens if there are gifts in the last 60 months?

Let’s talk about this and run through some examples.

“What is the penalty divisor for gifts?”

The number is $5,800.

So what we do is take the total amount of gifts and divide that number by $5,800.  The answer is the … (Read more)