The Top 5 Misconceptions about Long-term Care Medicaid Eligibility

Author

Beneficent: LTC Funding Education & Options

For more information about the author, click to view their website: Beneficent

Posted on

Apr 03, 2024

Book/Edition

Colorado - Colorado Springs

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What You Have Heard
Ask yourself, was the info you heard from a Certified Medicaid Planner?

Medicaid Misconception #1 - You can only have $2,000.

  • FACTS
    Single applicants have a resource limit of $2,000. (in 2024) A married applicant has a resource limit of about $150,000. (in 2024)


Medicaid Misconception #2 - Your home will be taken from you if you are on Medicaid.

  • FACTS
    All applicants are allowed to have 1 home and 1 car. There are ways to avoid Medicaid estate recovery, an applicant can receive Medicaid and keep their home.

Medicaid Misconception #3 - You make too much money.

  • FACTS
     If you are over the income limit, Beneficent can provide the legal steps using the Medicaid code to bypass being over the income limit.


Medicaid Misconception #4 - You must spend down to $2,000 to qualify for Medicaid.

  • FACTS
    This is an option, however not your only option. If you want to preserve the hard-earned assets you or your loved one has worked their entire life, you can!


Medicaid Misconception #5 - Why doesn’t everyone apply for Long-term Care Medicaid if the other outcome statements are true?

  • FACTS
    Many are deceived by misinformation and preconceived notions. There's a game-changer you need to know about - Certified Medicaid Planners (CMP) - we know the rules and regulations.


You can find all the CMPs in the United States here, (https://cmpboard.org/locate-a-cmp/ there aren’t too many of us! 

Need to schedule an appointment with one of our Certified Medicaid Planners at Beneficent? Book here (https://calendly.com/doinggoodforothers) or call our office (719.645.8350) for more appointment times.

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Local Services By This Author

Beneficent: LTC Funding Education & Options

Medicaid Planning 665 Southpointe Court, Colorado Springs, Colorado, 80906

Beneficent creates solutions for senior and disabled adults to pay for Long-term Care Services - INCLUDING HOME CARE, ASSISTED LIVING, OR SKILLED NURSING. Our clients benefit from step-by-step guidance which results in minimizing spend down, preserving assets, and limiting out-of-pocket expenses. BENEFICENT HAS OVER 200 FIVE-STAR REVIEWS ON GOOGLE AND THE BETTER BUSINESS BUREAU. During our FREE initial consultation, you'll walk away with certainty on your next steps moving forward regarding how to pay for long-term care.