Medicaid Income Test: Income Caps, Miller Trusts & Spend Downs (Part 3) скачать в хорошем качестве

Medicaid Income Test: Income Caps, Miller Trusts & Spend Downs (Part 3)

As I have mentioned before, Medicaid is basically government-funded financial assistance designed to help impoverished people pay for necessary medical care. Of primary concern to viewers of this channel, doubtless, is the fact that Medicaid is capable of helping needy individuals pay their long-term-care and nursing-home costs -- such as is often required once Alzheimer's Disease, and other dementias or cognitive impairments, become sufficiently advanced and severe. However, to be eligible to receive Medicaid, applicants have to pass two separate financial tests: an "asset test" and an "income test." In the previous video, Part 2, I sketched the fundamentals of the former. Some main topics of this asset-related discussion were the similarities and differences between "50% states" and "100% states," Medicaid's asset limits, the so-called "look-back period," and penalties that may be imposed for asset-transfer-regulation violations. Watch that video, here:    • Medicaid Asset Test, 'Spend Down,' 'Look-B...   In this presentation, Part 3 in my Medicaid series, I will wrap things up by addressing income-related questions, such as: How does a person qualify for Medicaid, from the standpoint of income? How much income can a person have per month and still be eligible to receive Medicaid? What's the difference between an "income-cap state" and a "non-income-cap state"? (Note: Sometimes, income-cap states are called "income-spend-down states" or states in which some eligible recipients qualify for aid because they are deemed "medically needy." This is in contradistinction to no-cap states in which the majority of recipients are judged to be "categorically needy.") What is a Miller Trust, also referred to as a Qualified-Income Trust, an Income-Diversion Trust, or an Irrevocable Income Trust? (Note: These special-needs trusts are called by many other names as well, including: (D)(4)(B) Trusts and Medicaid Income Trusts.) What is a "Personal Needs Allowance" (PNA)? What is a "Minimum Monthly Maintenance Needs Allowance" (MMMNA)? And more. For an introduction to Medicaid, see Part 1, where I offer a rough description of the Medicaid program, comparing and contrasting it with Medicare. For my dedicated survey of Medicare, with an emphasis on its relevance for long-term-care scenarios, see:    • Does Medicare Cover Long-Term-Care & Custo...   Also in the first installment, I discuss the Federal Poverty Level (or FPL), and talk about how Medicaid is indexed to it. See that initial presentation, here:    • What Is Medicaid? How Is it Different From...   Disclaimer: I am not an attorney or Medicaid expert. This presentation aims merely to provide viewers with research leads taken from my own experience and (untutored) research. Information is given as-is, in good faith, for general informational or entertainment purposes. No guarantees or warranties are expressed or implied regarding the information's correctness or relevance. Medicaid laws and regulations vary from state to state and governing legislation is subject to amendment. Nothing herein should be construed as financial, insurance, investment, legal, Medicaid, retirement, savings, tax, or any other sort of advice. If you need personalized evaluations and recommendations, then you need to consult licensed Medicaid (or other pertinent) experts in your area. For further investigation, see: http://www.alzheimersproof.com/   / alzheimersproof