Frequently Asked Questions
1. Does Medicaid pay for long-term healthcare?
Yes. Medicaid covers long-term care services such as adult day care, home healthcare, and nursing home care, as well as other services.
2. My assets and income exceed the Medicaid eligibility requirements. Is there any way I can qualify for Medicaid without forfeiting my money?
Fortunately, there are straightforward, legal ways to become eligible for Medicaid even if your assets and income exceed the Medicaid eligibility requirements.Your assets can be transferred to a spouse, to a trustworthy relative or to an irrevocable trust. Surplus income can be transferred to a pooled income trust, which receives your surplus income and uses it to pay your bills. Because the trust is a separate legal entity, your income belongs to the trust and therefore does not disqualify you from Medicaid.
3. How quickly after I apply can I receive homecare Services.
With a Doctor's letter of urgency the application can be approved in less than two weeks. However, once we submit your application, we can provide you with homecare services immediately and bill Medicaid retroactively, assuming that all your financial claims are accurate.
4. Can my spouse's income prevent me from receiving Medicaid benefits?
Under NYS law, a person is legally responsible to pay for the healthcare costs of his or her spouse. However, the spouse can sign a document of spousal refusal, which releases him or her from that responsibility.
5. If I transfer my assets, do I have to wait five years to be approved for Medicaid?
The five-year look-back period applies only to people who require nursing home care. For services such as home healthcare and adult daycare, there is no look-back period. Even for people who require nursing home care there are strategies, which can enable them to retain a significant portion of their financial resources.
6. Why not apply for Medicaid myself?
The Medicaid application process is very complex and time consuming, and the financial eligibility criteria are difficult to determine on your own. Every day you spend on the application can cost you hundreds of dollars, so the faster you can submit your application, the more money you save. If you are not financially eligible for Medicaid, you will need professional guidance to determine the procedures necessary to make you eligible.
Homecare Planning Solutions streamlines the Medicaid application process and saves you time, money and hassle. Our professional staff will ensure that the entire application process is done correctly and efficiently.
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