Medicaid Basics

Medicaid is a means-tested program jointly funded and administered by the federal and state governments. It pays for a broad range of medical care and services for low-income adults, children, pregnant women, people with disabilities and the elderly. In addition, it provides long-term care services for qualifying families and individuals.

Individuals may qualify for Medicaid if they fall within these defined categories:

  • They are age 65 or older, blind and disabled, and eligible to receive Supplemental Security Income (SSI); or
  • They have significant medical needs, high medical bills and may qualify for SSI due to a disability or medical condition, except they have excess income or resources.

Unfortunately, it is not generally shared that even those with “excess” resources and/or income can receive Medicaid assistance. While Medicaid does review and consider all assets in an individual’s name and their spouse’s name, there are ways to secure some of those assets. In many cases, some of those assets are exempt in accordance with Medicaid laws.

Did you know that under current laws, your residence may be counted as an exempt resource when Medicaid evaluates your resources? Whether you are single or married, your home is not valued in the Medicaid resource assessment, so long as it is used as the principal place of residency by the applicant and/or the applicant’s spouse or dependent relative or blind/disabled child, if there is intent to return home, regardless of whether such intent is practicable.

To find out more about Medicaid planning and the application process, contact Timothy J. Bupp or elder law paralegal Christina J. Herold to schedule an appointment at (717) 848-4900.

You have enough to worry about. We can help ease the burden of the Medicaid process.

This article was written by elder care paralegal, Christina Herold.

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