About Medicaid
Copyright © 2011, 2014, Douglas D. Germann, Sr., Professional Corporation.
574/291-0022, fax 574/291-0024, PO Box 2796, South Bend, IN 46680-2796
Medicaid is a combined state and federal program which provides Long-Term care for middle to low-income people. Here is another way to think about Medicaid. About 2/3s of all residents of Indiana nursing homes are on Medicaid. You must qualify to get Medicaid: your assets must be below $1,500, and generally you cannot give away your property within 60 months of your application. There are things to do to protect the at-home spouse, and it is possible to protect more assets than the $1,500 so you can have a better quality of care. But the rules are changing faster than even the Federal Tax Code, so you need competent legal counsel: what worked for your aunt last year might not work for you now.
Medicaid is one of the 4 1/2 Ways to Pay for Long-Term Care.
Here is how to fill out the application in Indiana.
Here is information on Miller Trusts, needed June 1, 2014, for nursing home residents with income above a certain level.
Douglas D. Germann, Sr., Professional Corporation P.O. Box 2796, South Bend, IN 46680-2796 telephone 574/291-0022; fax 574/291-0024 email [email protected]