Some Basic Guidelines for Long Term Care Medicaid
JG Medicaid Consulting LLC
Jul 02, 2018
Colorado - Western Slope
Email US
Click to Email Us
The State offers a program, Long Term Care (LTC) Medicaid, which will assist in paying for the care your family member may need.
The individual needing care must meet a functional, nursing home level of care which will be assessed by a qualified case manager with the county. This does not mean that the client must go to a nursing home. In-home care, assisted living facilities, or nursing facilities are all options open to clients based on their functional needs.
Additionally, the client (and spouse, if applicable) must submit a financial application to verify they meet limits and guidelines provided by the State. Its in this area that JG Medicaid Consulting can assist in explaining the red tape and helping to guide your family thru the eligibility process.
Many people have questions pertaining to the client(s) resources. Can we keep our home? We worked all our lives and have a small nest egg. Can we keep our life savings? I hope to expel some of the concerns you may have.
Married couples with only one person applying for Long Term Care (LTC) Medicaid can retain up to $125,600 (as of 01/2018) in assets.
A single individual can retain $2,000 in assets.
A married couple who are both applying for LTC Medicaid can retain up to $3,000.
Resources include, but are not limited to, checking, savings, IRAs, bonds, investments, life insurance cash values, vehicles of all types over the one Medicaid allows as exempt, other real property aside from the home of residence, time shares, mineral rights, etc.
The home in which the person(s) resides is considered exempt. The home should be listed in the person(s) name(s). If, however, the home was signed over (aka gifted) to the clients children within the past five years, a penalty period will be initiated. There are options to correct this penalty so dont panic.
One vehicle is considered exempt for LTC Medicaid. If more vehicles are owned by the client(s), the fair market value of each will be calculated by the county. One vehicle, usually the highest valued, will be exempted. The other vehicles values will count toward the total resources for the person(s) applying.
For further LTC Medicaid information, visit and Like our Facebook Page
Editors Note: This article was submitted by Joell Gray, owner of JG Medicaid Consulting, LLC . She may be reached at 970-216-4999 or by email at: Jg.ltc.med@gmail.com
Other Articles You May Like
Why Hire an Elder Law Attorney by Ashley Day Law
Why Hire an Elder Law Attorney? Elder law attorneys specialize in estate planning, incapacity planning, and end-of-life care for seniors, helping them remain in their homes and protect against abuse. They are essential in planning for the future and addressing the needs of a vulnerable population. How Can an Elder Law Attorney Help? Long-Term Care Planning: As the number of Americans over 65 is projected to exceed 80 million by 2040, planning for long-term care is increasingly important. Elder law attorneys assist seniors in creating financial plans to cover essential needs like food, rent, and medical care. They also guide clients in applying for public benefits such as Medicaid and Medicare. Housing: Many seniors wish to age in place. Attorneys can represent clients in landlord-tenant disputes, helping them navigate issues like city ordinance violations. They also protect seniors against housing discrimination under the Fair Housing Act. Estate Planning Document Preparation: Elder law attorneys draft critical documents such as wills, health care directives, and powers of attorney, ensuring that seniors rights are protected regarding retirement benefits and medical decisions. A solid estate plan reduces family stress and potential inheritance disputes. Incapacity Planning: Attorneys can help document care wishes for seniors facing disabilities or conditions like dementia. With the rising number of Alzheimers cases, having a plan for incapacity is vital for protecting financial and physical well-being. Guardianship: In cases where an older adult cant make decisions due to conditions like dementia, attorneys assist family members in securing guardianship, which involves legal proceedings and court hearings. They can also advocate for the seniors autonomy by exploring alternatives to full guardianship. Combating Elder Abuse: Elder abuse is a significant public health issue, affecting one in six adults aged 60 and older. Elder law attorneys are well-versed in the rights of seniors and can provide legal recourse against abusers while implementing safeguards like advance directives to protect against financial exploitation. By addressing these diverse needs, elder law attorneys play a critical role in supporting the aging population and ensuring their rights and well-being are protected. Editors Note: This article is for informational purposes only and is not intended to be legal advice.This article was submitted by Ashley Day, Esq. Reach her at 251-277-3377.
Trump's Changes to Medicaid
Many Colorado Seniors and Disabled Adults are concerned about the recent funding discussions about Federal, not State, Medicaid changes, and how they might impact Long-term Care Medicaid benefits here in Colorado. There are 40+ different Medicaid programs in the State of Colorado alone, which are funded differently. Some of these Medicaid programs will be impacted by Trumps changes.At this time, it is important to know that the Medicaid changes imposed do not affect Long-term Care Medicaid in Colorado. If you are currently receiving Long-term Care Medicaid benefits or considering applying, you can rest assured that your eligibility, services, and coverage remain intact. Long-term Care Medicaid has already been funded for 2025, therefore nothing will change this year. In addition, there have not been any major changes to Colorado Long-term Care Medicaid in 20 years, and we dont foresee any changes now. In the meantime, if you have any questions about your coverage or need assistance navigating the Long-term Care Medicaid process, please dont hesitate to reach out to Beneficent. www.DoingGoodForOthers.com/contactus
Spring WardrobeTips for Older Adults
Spring is a season of transition, and as the weather changes, so should your wardrobe. For seniors, dressing for changing spring weather can be a challenge. Its important to find the right balance between comfort and style while still dressing appropriately for the weather.Here are some tips for seniors on how to dress for changing spring weather:Layering is keySpring weather can be unpredictable, and temperatures can fluctuate throughout the day. Layering is the best way to ensure that you stay comfortable no matter what the weather brings. Start with a lightweight, breathable base layer such as a cotton or linen shirt, and add a cardigan or sweater for warmth. If its chilly in the morning but warms up later in the day, you can easily remove a layer to stay cool.Choose breathable fabricsAs the weather gets warmer, its important to choose fabrics that are breathable and lightweight. Cotton, linen, and bamboo are all great options that will help keep you cool and comfortable. Avoid synthetic fabrics, which can trap heat and make you feel hot and uncomfortable.Dont forget a raincoat or umbrellaSpring is notorious for its rain showers, so its important to be prepared. Invest in a lightweight raincoat or a compact umbrella that you can easily carry with you. Look for a raincoat that is breathable and waterproof, so you stay dry without getting too hot.Opt for comfortable footwearAs the weather warms up, you may be tempted to break out your sandals or flip-flops. While these are great for the beach, they may not be the most practical option for everyday wear. Instead, opt for comfortable shoes that provide good support and protect your feet. Sneakers, loafers, and slip-on shoes are all great options.Choose bright colors and printsSpring is a time for renewal and rejuvenation, so dont be afraid to add some color to your wardrobe. Bright colors and fun prints can help lift your mood and add some fun to your outfits. Just be sure to choose colors that complement your skin tone and hair color.Dressing for changing spring weather can be a challenge, but with a little planning, you can stay comfortable and stylish no matter what the weather brings. By layering, choosing breathable fabrics, investing in a raincoat or umbrella, opting for comfortable footwear, and adding some fun colors and prints to your wardrobe, you can make the most of the spring season.We care for you and about you.At Senior LIFE, we believe in caring for you in all that you need. Our care plans take a holistic view that are individualized to exactly what you need. We focus on your well-being, working to meet your medical, social, and mental health.And theres no need to worry about medical costs when your enrolled in Senior LIFE and live in the community on Medicaid all services are covered, at no out-of-pocket costs to you.To see if we could help you or a loved one, contact us today.