How to Qualify for Medicaid: Eligibility and Transfer Rules

There are circumstances in which transferring a house will not result in a Medicaid penalty period, and one of those is if the Medicaid applicant transfers the house to a "caretaker child."  ...

Medicaid 101

In some states (called "income cap" states), Medicaid applicants who have excess income can qualify for Medicaid only if they put the excess in a special trust, called a "Miller" trust or a "Qualified Income Trust.

Medicaid 101

In order to qualify for Medicaid, a nursing home resident's income must not be above a certain level. ...

Medicaid 101

When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the spouse who is not in the nursing home (called the "community spouse") may pass away first.

Medicaid 101

For many Medicaid applicants, individual retirement accounts (IRAs) are one of their biggest assets.

Medicaid 101

When one member of a couple moves to a nursing home, we expect that spouse will be the first to die, but this isn’t always the case. What happens if a Medicaid recipient's spouse dies first?...

Medicaid 101

The "community spouse resource allowance" or CSRA assures that the spouses of Medicaid applicants will be able to keep at least some of the couple's assets.  ...

Medicaid 101

What if most of a couple's income is in the name of the institutionalized spouse and the income of the spouse living in the community is not enough to live on?  Medicaid has created some protections.

Medicaid 101

In order to qualify for Medicaid, you can't have more than $2,000 in assets (in most states). Many people forget about life insurance when calculating their assets, but depending on the type of life insurance and the value of the...

Medicaid 101