[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/a-lesson-on-medicaid-white-plains-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/a-lesson-on-medicaid-white-plains-ny\/","headline":"A Lesson On Medicaid","name":"A Lesson On Medicaid","description":"This is government insurance for people who have very little money that covers, among other things, the cost of home care and nursing home care when a recipient can no longer care for himself. What is Medicaid? More than likely you have heard of Medicaid, considering it has been part of the national political debate […]","datePublished":"2014-02-28","dateModified":"2024-10-02","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a73d7eebbb.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01a73d7eebbb.jpg","height":192,"width":192},"url":"https:\/\/www.amorusolaw.com\/blog\/a-lesson-on-medicaid-white-plains-ny\/","about":["Elder Law","Medicaid"],"wordCount":338,"keywords":["Elder Law","Medicaid"],"articleBody":"This is government insurance for people who have very little money that covers, among other things, the cost of home care and nursing home care when a recipient can no longer care for himself.What is Medicaid? More than likely you have heard of Medicaid, considering it has been part of the national political debate for some time. But what exactly does Medicaid mean to you and your elderly loved ones?If you have elderly parents, it is high time to learn about Medicaid and how it works.Fortunately, a recent Forbes article is a good place to start. The article is aptly titled \u201cMedicaid And Your Parents: The Basics.\u201d Essentially, Medicaid is a program run jointly by the federal government and each respective state government. Think of it as government insurance for, among other things, late-in-life medical care like home care or nursing home care when the one needing care has too limited financial resources.Medicaid is \u201cmeans-tested.\u201d Consequently, having too great an income or too much in assets will disqualify a Medicaid applicant and create a legal hurdle to receiving benefits. In addition, having \u201cassets\u201d is not the same as having the money to pay for care.For those with assets exceeding the Medicaid limits, \u201cgiving\u201d assets away will only disqualify them from Medicaid assistance if the transfers violate the \u201clook back\u201d period designed to keep them from gaming the system. Of course, an elderly individual might have had innocent intentions when they made a disqualifying gift a few years ago and the need for Medicaid was unforeseen. Regardless, such transfers are a red flag when it comes to Medicaid qualification.Each state is subtly different in its approach, but these are very real rules and they require careful thought and timing. Otherwise, it is easy to run afoul of the rules now and be disqualified from care later. You owe it to your elderly loved ones to start planning for a worst case scenario without delay.Reference: Forbes (February 11, 2014) \u201cMedicaid And Your Parents: The Basics\u201d"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"A Lesson On Medicaid","item":"https:\/\/www.amorusolaw.com\/blog\/a-lesson-on-medicaid-white-plains-ny\/#breadcrumbitem"}]}]