Topic: Resource
The annual review date must be set for the case to be reviewed every year effective January, The case also needs to be updated each time there is a change in income. It is important that amounts retained monthly are updated each time the client has an income adjustment. At each review make sure the […]
Home Property Equity In determining eligibility for long-term care services applications filed on or after January 1, 2006, home property (which includes all property adjacent to the home ) is excluded from resources unless the individual’s equity interest in his or her home exceeds the Maximum Home Equity Standard. The home equity standard is located […]
When an applicant has more money or property (resources) than the Maximum Resource Standard allows, they must “spend down” those resources to become eligible for Medicaid LTC services. The Goal: The Resource Standard To be eligible for LTC, the client’s countable resources must be at or below the Individual Maximum Resource Standard (found in Appendix […]
The requirement for the 60 month look back is part of the Deficit Reduction Act of 2005. The 60 month look back is defined in Section 1917(c) of the Social Security Act. The look back on all assets is 60 months before the first day the individual is both “institutionalized” and has applied for medical […]