About Medicaid

Income Qualification

Varies by state, typically $2,000.00 or less in assets.

Long-term Care Provided

Only in Nursing Home Facility in majority of states. A few states, such as Vermont, do offer an at-home care component.

Special Considerations

The Deficit Reduction Act of 2005 increased the “look back” for gifts and transfers of homes and financial assets from 3 to 5 years. You must document the reason for charitable gifts if you are planning on eventually reducing your assets and income to a low enough level to qualify for Medicaid care. It is suggested you contact an attorney who specializes in elder law or estate planning. You should also consider purchasing long-term care insurance and visit a local nursing home providing care to Medicaid clients before turning over the control of your long-term care choices to the government through asset reduction.

State Medicaid Programs

Visit www.benefits.gov to find your state’s Medicaid qualifications and contact information.

Note: All costs are for 2008