Spend-down means either expending countable assets on care or non-countable or exempt assets.
Is it true that an applicant must be “destitute” to qualify for Long Term Care benefits? It is true that an applicant must be poor in countable assets. There are many asset categories that are not countable. Therefore, the requirement of being destitute is a misnomer.
The most common way to pay for long-term care in a nursing home is by qualifying the patient for Medicaid. This method, more than any other, is where professional help pays for itself many times over. The Medicaid system can be a complicated maze that often requires an extremely in-depth knowledge of the rules. In […]
While Medicaid covers many services, there are a number of items that are not provided by this program. Medicaid does not cover the following services: Private room, unless it is medically necessary Specially prepared food, beyond that which is generally prepared by the facility Telephone, television, and radio Personal comfort items, including tobacco products and […]
There are essentially Three Medicaid Programs that cover Long Term Care in the State of Florida. The Medicaid Waiver Program – A program funded by the state and federal government and administered at the county level covering limited home health care and assisted living care. The Medicaid Diversion Program – A program funded by the […]
If you answer “No” to any of the questions below, don’t make a decision now. Call Platinum Benefit Services for a free, no-obligation consultation: