Are You Struggling To Figure Out How To Pay For Long Term Care For A Loved One In A Nursing Home?
We often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.
However, Medicaid is simply one solution among a number of solutions.
To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (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)
Continuing our series on Alabama Medicaid, let’s talk about the income cap and also what a “Miller Trust” is as this relates to the income cap.
To qualify for Alabama Medicaid, we have to satisfy the “income cap”. If we don’t, then we won’t qualify unless we can fix the problem with a “Miller Trust”.
“What is the monthly income cap for Alabama Medicaid in 2017?”
$2,205 is the monthly income cap for 2017.
Basically this means that the … (Read more)
Continuing our series on Alabama Medicaid in 2017, you are thinking about long term care and how that relates to giving away assets. Because there is a concept under Alabama Medicaid about a “look back” period of 60 months.
Let’s do this:
- Talk about the look back period;
- Purpose of the look back period; and
- How this relates to planning for long term care.
What is the look back period under Alabama Medicaid in 2017?
If you apply for, … (Read more)
If you are facing long term care in Alabama in 2017, then you almost certainly are looking at Medicaid. When we look at Alabama Medicaid, we have to know the numbers.
Whether we like it or not, Medicaid runs on numbers.
All sorts of numbers so let’s take a look at them along with a short description.
Then we’ll dive deep into each number in a separate article.
Keep in mind these numbers can change so always check with an … (Read more)
We often talk about how to qualify for Alabama Medicaid but how does it actually help someone who is facing long term care in a nursing home?
The simple answer is someone who qualifies for Alabama Medicaid will have their nursing home monthly bill paid by Medicaid.
Here’s how it works in a nutshell.
Bob goes into a nursing home and the monthly bill is $7,500.
Bob has Social Security of $1,500 a month and that’s it.
So how in … (Read more)