Overcoming the income obstacle for Medicaid assistance
Sunday, October 2, 2016
Last week we explained that a senior seeking Medicaid assistance for long-term care cannot have monthly income over a certain amount to qualify. However, there are several ways in which the applicant’s income can be calculated, based in significant part on the income of the applicant’s spouse.
What if the applicant’s income is over the permitted limit, regardless of how that income is calculated? If there is no other realistic option for long-term care assistance, what is that person to do?
If income is the only obstacle, there may be one more way to qualify for Medicaid assistance. It is called a “Miller” trust, named after the court case that approved this approach.
Several weeks ago, we explained that a trust functions much like a wagon. If you place your things in a wagon, those things …
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