Category archives: D(4)(b) Trust
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4 years ago
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The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home. The deductions include a $60-a-month personal needs allowance (this amount may be somewhat higher or lower in your state), a deduction for any uncovered medica... [read more]
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6 years ago
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We are often asked by clients if they need to establish a Qualified Income Trust to be eligible for Medicaid so they can cover the high costs of long-term nursing home care. Our answer is that if their gross monthly income exceeds the current limit of $2,205, a Qualified Income Trust (also called a ... [read more]
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