Money in bank when applying for Medicaid
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Anonymous
| How much money one can have in the bank if a senior who is over 80 years old with spouse apply for Medicaid in Maryland? My dad has to apply for Medicaid as he doesn’t have enough money to pay his Medicare premium. |
Anonymous
|
Check your state guidelines:
https://www.medicaid.gov/about-us/where-can-people-get-help-medicaid-chip |
Anonymous
| Its very low. Maybe a few thousand at best and the income level is even lower. Years ago, my inlaw got $1K in social security and was denied but got food stamps. |
Anonymous
|
Maryland Eligibility
https://health.maryland.gov/mmcp/eligibility/Pages/generalrequirements.aspx Maryland Income & Asset Limits https://health.maryland.gov/mmcp/eligibility/Pages/incomelimits.aspx TLDR: $2500 or $3500 assets allowed, depending. |
Anonymous
| Consult an experienced elder law attorney affiliated with the National Academy of Elder Law Attorneys. This stuff is not for amateurs, dabblers or crowdsourcing and efforts to move things around without proper guidance can be catastrophic. |
Anonymous
|
OP here. The Maryland health connection says >$1000 per month salary, few thousands will be 3-4000 I believe. Assuming that my dad gets the same amount of salary, that will not suffice the requirement of few thousand dollars.
Yes we are seeking legal advice too. But don’t want to pay any fees for basic queries. I hope i get a lawyer who helps low income families. |
Anonymous
| Know that Medicaid does a look back period. So be careful about depleting bank accounts in order to become eligible. There are certain expenses that you can pay but you can’t give away money. |
Anonymous
Cheapskating on legal advice is rarely prudent; it is even more dangerous when the consequences of a miscalculation can be disastrous. Elder lawyer fees typically are pretty reasonable for an initial consult and planning assessment. Expecting anyone to work for free is unreasonable, although an initial query might be no charge. |
Anonymous
I was in this specialty but I stopped working too long ago to know what’s going on right now. Every state has their own regulations so I agree, get an elder law attorney from Maryland. NAELA is a good place to start. The worst thing you could do is go to an attorney who does not specialize in elder law. They can really mess you up. |
Anonymous
Not sure if OP is a cheapskate or not, but This advice is good. It’s also great that DCUM can help direct her to Info online so that they can research a beforehand and prepare questions to get more out of the initial consults.. |
Anonymous
| I've seen it listed as less than 4K |
Anonymous
|
Here are the limits. Remember there are both income and asset limits.
https://health.maryland.gov/mmcp/eligibility/Pages/incomelimits.aspx As noted: The only way to know for sure if you are eligible is to apply. Call the Department of Human Services for help with your income and asset limit amount. |