Continuing 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)
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?”
“Is this for both
… (Read more)
We previously discussed in our 2019 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 $6,200.
So what we do is take the total amount of gifts and divide that number by $6,200. The answer is the … (Read more)
Continuing our series on Alabama Medicaid in 2017 for long term care in an nursing home, let’s talk about the Monthly Personal Needs Allowance.
This focuses on income, not assets or as Medicaid calls them — resources.
Quick reminder about income under Alabama Medicaid
For the person going into the nursing home, the monthly income cap is $2,205 (anything over that we use a “Miller Trust” to qualify).
If married, we make sure the community spouse (still living … (Read more)
As a general rule, all but $30 of the income of the person going into the nursing home must be spent on the nursing home. But as you will see below, sometimes we can take (divert) some of the income from the “institutional spouse” and give that to the spouse still at home. This relates to the “Minimum Monthly Maintenance Needs Allowance” (MMMNA) under Alabama Medicaid. It’s a mouthful but it is very helpful to families.
Let’s take … (Read more)