Arkansas has a 60 month (5 year) “look-back period.” During this time frame, Medicaid checks all past asset transfers (including asset transfers made by one’s spouse) to ensure no assets were sold or … [Read more...] about Can you give away assets to qualify for Medicaid after you find out that you need nursing home care?
The answer is complicated and depends on several factors including the type of Medicaid you are applying for, whether you are Single, Married with both spouses applying, or Married with one spouse … [Read more...] about What are the Medicaid asset limits?
The United States Department of Health and Human Services maintains a very useful website called LongTermCare.gov. According to their research, 70 percent of all Americans who live to the age of 65 … [Read more...] about Do a lot of people end up in nursing homes?
A stay in a nursing home is extremely expensive. According to the Genworth Cost of Care Survey 2019, the median cost of a Semi-Private room in an Arkansas nursing home is $5,505 per month. It should … [Read more...] about Is it expensive?
This is a very good question. Many people assume that Medicare will take care of all their health care needs when they are old enough to obtain eligibility. However, Medicare does NOT pay for … [Read more...] about I am going to qualify for Medicare, and I will retire with significant resources. Why would Medicaid be relevant to me?