How To Get Medicaid for Nursing Home Care For Elderly Without Breaking Your Pocket?

Are you looking to help a parent or loved one get nursing home care, but the Medicaid rules are so complex? You aren't alone. At Platinum Benefit Services, we look after Medicaid-related concerns and have a team of experts who are well-versed with all the rules and clauses of Medicaid for Nursing Home Care. We know exactly how to protect your savings and help you in your hard financial times. 

How Medicaid Helps?

In many homes, the elderly struggle to take care of themselves. And since most homes have nuclear families, with both spouses working, the struggle is more. Luckily, Medicaid for Nursing Home Care can be your help at this challenging time. 

Medicaid is a U.S. healthcare program supported by both the federal and state governments that helps senior citizens receive healthcare. If a person qualifies for Medicaid facilities, they will receive coverage for specific nursing home expenses, medicines, care services, medical supplies, and more.

Qualifying For Medicaid for Nursing Home Care:

Your loved one must meet the norms of a necessary medical test to avail of the coverage. The criteria include the following:

•Their monthly income must be less than $2,523.

•Their assets must not be more than $2,000 (excluding their private vehicles and shared marital assets (in a situation where the spouse doesn't need Medicaid).

Remember, the Medicaid grant is intended for individuals who need nursing home care but can't bear the expenses. 

Application Process for Medicaid:

If you want Medicaid coverage for your loved one, then move on with the application process. Filling an application can be tedious and difficult. And if you make even a tiny blunder, your application may get rejected. Being accurate and timely are critical aspects for the success of your application.

During the application process, you have to submit multiple documents like age proof, income assets, and records regarding finances. It's better to take the help of an expert who can guide you through the process. 

Over to You:

When it comes to Medicaid for Nursing Home Care for your loved one, you must be mindful. At Platinum Benefit Services, we have been helping people cruise through situations where they need safe care facilities for their elderly but don't have the budget to bear the costs. We look into every detail, do paperwork, and take care of every need precisely needed for the success of an application for Medicaid benefits.

Does Medicaid Pay For Nursing Home Care?

In this blog, you will find answers to many questions associated with Medicaid Nursing Home Eligibility. 

Firstly, Medicaid will pay for nursing home care for people who meet the program’s fundamental eligibility criteria. You must know the rules vary from one state to another. So, it is advised to have a conversation with local Medicaid experts who can guide you successfully through the process.

Along with that, the Medicaid complexity in rules changes based on the marital status of the marital status of applicant or beneficiary. On qualifying, you, the applicant, get all the Medicaid benefits they can avail.

How Much Does Medicaid Pay for Nursing Home Care?

According to Medicaid rules, the applicant will receive a complete payment for nursing home care that includes room charges, food, and medical items. In contrast, the nursing home resident must contribute most of their income to these expenses. This is termed Patient Liability.

As a nursing home resident, you can receive a small Personal Needs Allowance from your income, and the criteria are based on the rules of the state of the resident. 

A nursing home facility can deduce costs like Medicare premiums, which Medicaid does not cover. For better understanding, you can connect with a local Medicaid planning expert.

Do all Nursing Home Facilities Accept Medicaid? 

According to estimates, about 80% to 90% of nursing homes accept Medicaid. Though statistics say so, this finding can be misleading as many nursing home units don’t have “Medicaid beds .”Medicaid rooms are rooms, or shared rooms, that a qualified resident will get from Medicaid. 

Many nursing home facilities prefer residents who can make private payments where the family bears the cost from their pocket. The reason is that private residents pay about 30% more for nursing home care than Medicaid pays. 

How to Apply for Medicaid Nursing Home Eligibility?

The Medicaid rules are long and cumbersome. Applying for the same is a tedious process and has multiple processes to follow. 

To go forward, the applicant can apply for Medicaid care through an online process or at a Medicaid office in their state. You must apply for the same only after being sure about your eligibility criteria. You can seek assistance from a Medicaid planner to understand your scope of getting the care expenses. 

Applying for Medicaid is not easy. You will need to do massive paperwork to support your documents, and this may cost you lots of time and energy. 

Over To You:

Though Medicaid is a substantial monetary benefit intended to offer benefits, the Medicaid Nursing Home Eligibility rules are stringent.

At Platinum Benefit Services, we have a team of experts to walk you through every step and help you make your application a success. 

Know The Eligibility Criteria For Assisted Living Benefits for Veterans

As veterans age, they require assistance with daily activities of living like bathing, getting dressed, walking, or using the toilet. Many veterans may have wounds or may suffer from PTSD sustained during their service, which adds stress to the process of aging as time passes. 

Assisted living benefits are intended to provide all types of health assistance for older adults in various levels of caregiving. But these services are expensive and can burden the pocket. To reduce the financial burden on veterans and their families, the VA offers benefits to make long-term care affordable so that eligible people can access it. 

What Constitutes The Assisted Living Benefits for Veterans?

Veterans benefits are a set of programs created by the U.S. government to offer assistance to on-duty service members, veterans, and their families. The benefits include:

Monetary compensation for veterans who became ill or wounded during their service tenure. 

Monthly pension to vets and financial assistance to families of veterans in the time of needs.

Education and job training.

Health care benefits. 

Insurance and home loans.

Eligibility Criteria for the VA Benefits:

To receive the veteran benefits, one must duly fill the form and fulfill the eligibility criteria as listed below: 

Be on duty or previously served in the U.S. Army, Marines, Navy, Air Force, or Coast Guard. 

Served for a duration that is required to avail benefits.  

Had an honorable retirement. 

More details to understand if you're eligible for Assisted Living Benefits for Veterans

To qualify for the benefits, you must meet specific eligibility requirements as mentioned below:

You must be at least 65 years old

Served on active duty for at least 90 days, with one day in the war zone. 

Income and assets not more than $150,538 (as of 2023), and that includes a spouse's income or any other source of earning by the applicant. 

Once you qualify for a pension, you may also qualify for the Aid and Attendance benefits, which are given as added benefits for daily living. 

You can avail of V.A. benefits throughout the U.S., and it is wise to get assistance from experts while applying for the same to increase the chances of qualifying for the benefits. 

Over To You:

To receive the V.A. benefits and garner knowledge about other benefits that veterans can receive, contact a local VA expert. You may also enroll in the VA website. However, finding your way through the website can be tiring and confusing. 

Here we come for your quick assistance. Platinum Benefit Services has been serving for over two decades and guiding veterans in their pursuit of old-age benefits under government schemes. To learn more about Assisted Living Benefits for Veterans, navigate to our website and contact us today.