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Medicaid Guidelines for long term care in 2015

The following sets forth Medicaid guidelines for long term care in 2015.  Medicaid is a valuable resource for seniors in paying for long term care, such as care in a nursing home, assisted living, or in-home care.  Under the guidelines, the patient and patient’s spouse can keep specific amounts of their monthly income and savings.

Medicaid Guidelines For The Amounts Ohio’s Medicaid Program Allows Its Recipients To Keep: 


Savings the patient can keep:  $1,500.

Savings the in-home spouse can keep:  $23,844-$119,220.

Monthly income patient can keep:  $60.

Monthly income allowance for spouse:  $1,967.

Monthly housing allowance for in-home spouse:  $590.

Monthly utility allowance for in-home spouse:  $498.

Amount Medicaid pays nursing home per month:  $6,327.

Limit on equity in the home:  $552,000.

Medicaid Guidelines Now Allow Insurance To Help You Keep Your Assets 


The amount one can keep can be increased by purchasing and using long-term care insurance, especially if it is qualified as an Ohio Long-Term Care Partnership Policy.  Of course, the insurance needs to be purchased prior to starting long-term care treatment.

Failure to adhere to these guidelines and plan for long-term care can have devastating effects.  Medicaid will often require that your house be placed for sale six months after entering into a long-term care facility that is being paid for by Medicaid.  Medicaid also has an estate recovery program that takes recipient’s home after the recipient dies.  A transfer on death designation affidavit transferring one’s home to a loved one after death does not stop Medicaid’s estate recovery program.  Of course, people who already qualify and receive Medicaid or SSI may not need to do any Medicaid planning.

Articles Related To Medicaid Guidelines


To read more, take a look at my other articles on estate planning and probate: Ohio Medicaid planning with long term care insuranceOhio will requirements, death taxes, you can’t fix a bad will after you are gone, and bad will companies try to pass the buck to local attorneys. Take a look at what the client reviews of Daniel Gigiano have to say, as well as links to ratings of Daniel Gigiano and descriptions of Daniel Gigiano’s work.

Call Now For A Wadsworth Estate Planning Attorney 


Attorney Gigiano is a Wadsworth estate planning attorney in Medina County, Ohio.  If you have questions about this or other questions you need answered by an experienced Wadsworth Medicaid lawyer in Medina County, please call Attorney Daniel F. Gigiano at 330-336-3330.