The Minimum You Should Know about Medicaid
Our baseline answers to keep you informed on some of the most frequently asked questions with regard to Medicaid. Read on.
What Documents Do I Need to Apply for Medicaid?
When applying for Medicaid, both federal and state agencies will assess your income and assets to determine eligibility. You should gather proof of income, asset statements, and details about other benefits, such as SSI. We provide personalized assistance in compiling a comprehensive list of required documents for your application.
What Is the Medicaid Income Eligibility?
Medicaid income limits vary annually and by state. If your income exceeds the limits, we can help you explore customized strategies to still qualify for Medicaid. Contact us for more information on income limits and to schedule a free consultation.
What Is a Medicaid Trust?
A Pooled Income Trust is a valuable tool for sheltering surplus income, allowing clients to meet monthly spend-down requirements while using their income for living expenses. The trust funds can be utilized to pay recurring bills, such as utilities and credit card charges. Visit our planning page for detailed information on financial options, and reach out to start a personalized conversation about creating a solution.
What Do Medicaid Benefits Cover?
Medicaid covers long-term care, at-home care, doctor’s visits, and hospital visits. It does not, however, cover health insurance and prescription costs, distinguishing it from Medicare.
Do Medicaid Patients Receive the Same Treatment as Private Pay?
Yes. Despite common misconceptions, Medicaid patients receive identical care to private pay patients. State and federal laws ensure equal treatment, with no indication of payment method on patient charts.
What Is Medicaid Pending Home Care?
Under specific circumstances, loved ones can receive home care treatments at no cost before Medicaid approval. Consult with your Medicaid planner to determine if this option is suitable for your situation.
Does New York have income eligibility limits for Medicaid?
Yes. While New York has Medicaid income eligibility limits, there are various ways to qualify without spending down all your assets. Together with our parent partner, Emics, we offer a financial planning page with insights into restructuring and reorganizing finances to preserve legacies, cover bills and home care, and enhance quality of life.
What is the Difference Between Medicaid Planner and Eldercare Attorney Services?
Medicaid Planners assist the average American in planning, filing, and securing Medicaid. We specialize in pre-planning strategies and guide you in selecting the right long-term care facility. Eldercare Attorneys handle complex legal issues, such as special accounts and trusts. If unsure, we can help you decide and collaborate with trusted eldercare attorneys when needed.
Metro Elder Care’s Medicaid Specialists and Care Coordinators are standing by to assist you with all of your Medicaid planning needs and to answer additional questions to help you ensure proper care and protect your assets.