|Medicaid is a jointly-funded, Federal and State Welfare
health care program for certain low-income and needy people. It covers approximately
36 million individuals including children, the aged, blind, and/or disabled, and
people who are eligible to receive federally assisted income maintenance payments
Medicaid is a welfare program intended for the poor.
to qualify for Medicaid you must ...
- If you are single have assets
that are 133% below the poverty level, less than $2000.
- There are limited
choices with Medicaid Patients. Many nursing homes do not accept Medicaid Patients.
Living Facilities do not generally accept Medicaid
- Legislation in 1997
made it illegal to hide assets in order to qualify for Medicaid, a 60-month look
back audit applies.
- Government recoups Medicaid loss from your estate,
with no cap.
Wouldn't you agree a better question would be "How
do you qualify for Long Term Care Insurance?" rather than "How do you
qualify for Medicaid?"