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Medicaid Application

The Basics of Medicaid – What You Can and Can’t Keep

October 19, 2014

To qualify for Medicaid in North Carolina for nursing home care, applicants must pass some fairly strict tests on the amount of assets they can keep. To understand how Medicaid works, we first need to review what are known as exempt and non-exempt (or countable) assets. Exempt assets are those which Medicaid will not take…

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Medicaid Spend Down Checklist

October 19, 2014

There is a great deal of confusion regarding the spend down of assets for Medicaid qualification. For a single person, who can only keep $2,000 in countable assets in North Carolina, that individual may find him or herself wondering what the money can be spent on without causing any Medicaid disqualification. Similarly, for a married…

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Exempt and Countable Assets for Medicaid

October 19, 2014

To qualify for Medicaid, applicants must pass some fairly strict tests on the amount of assets they can keep. To understand how Medicaid works, we first need to review what are known as “exempt” and “non-exempt assets. Generally exempt assets for purposes of North Carolina Medicaid in a nursing home, consists of: The residence, if…

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Protect Your Ill Spouse and Your Savings

October 17, 2014

Jane paid $6,500 per month, month-after-month, while her husband Bob was in the nursing home. She spent over half of their retirement savings because that’s what the Medicaid Office told her to do. She came to see me and asked, “Had she spent enough? Was she going to have enough to live on?” If she’d…

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Spousal Income Allowance

October 17, 2014

For married couples with one spouse in a nursing home, the spouse at home can keep a minimum amount per month of total income. This minimum income allowance is called the “Minimum Monthly Maintenance Needs Allowance” or MMNA. This can be increased somewhat based on housing costs. This calculator helps you to determine the MMNA…

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