Archives
TERFA stands for Tax Equity and Fiscal Responsibility Act
Transfer of Assets
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 […]
In addition to the death of a client there are other circumstances in which the MIPT needs to be dissolved. The most common are: The client’s home sells, or a lump sum payment is received, and the client becomes ineligible The client’s income decreases below the categorically needy standard There is a change of trustees, […]
Medicaid Income Pension Trust OAC 317:35-5-41.6(6)(B) A Medicaid Income Pension Trust (MIPT) is established for the benefit of an individual when the individual is in need of nursing home, ADvantage, or DDS waivered services and has countable income above the categorically needy standard for long-term care but less than the maximum monthly countable income for […]
LTC Insurance should be coded in the TPL section in FACS. Payments are not considered income and nursing facility needs to become payee of the benefits Send an email to TPL@okhca.org as soon as possible with the name, phone number and address of the facility along with client information Client’s vendor payment is not affected […]
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 […]
Nursing Facility Client / Home Property Liens
MA-10, FSS-ML-1