Who Qualifies for Long-Term Medical Care Through Medicaid?

In order to qualify for Medicaid to pay for your long-term care, there are three tests. First, is the medical needs test. There always has to be a medical need component. Second, you have to have income below a certain limit. That limit is currently $2,199.00 this month. If you are over that limit, there are some things we can do to help with that. Third, you have to have assets below the limit. For a single person, you have to have less than $2,000.00 in countable assets, but don’t get hung up on that. The equity in your home doesn’t count, and your IRAs and 401ks don’t count, as well as some other exemptions. For a married couple, the spouse living in the community (the healthy spouse) can have $120,000.00 of countable assets.

Walt Shurden
Board Certified Elder Law Attorney