- You can expect a benefits determination to be made within 30 to 45 days after the application is submitted to the Department of Job and Family Services.
- You will receive a Notice of Approval or Denial. The Notice must contain a clear statement of the agency’s action and the reason for it. If you are approved, it will also contain the date that aid begins and the amount of the aid. If you are denied, it must contain the means of challenging the decision.
- If you are unhappy with the ruling or if you do not receive an approval or denial in a reasonable amount of time, you can request a State Hearing. Requests
Medicare Part A provides limited coverage for skilled nursing care if certain requirements are met. However, even if your care is Medicare Part A eligible, it only covers the cost of a skilled nursing facility for up to 20 days, with the possibility of an additional 80 days on a co-payment basis. The average nursing home stay is 2.4 years.
Beyond the limited time that Medicare Part A will cover care is the simple fact that it does not cover the majority of nursing home care because most residents of a nursing home do not require skilled care, which is a prerequisite for Medicare Part A coverage. … Read the rest
When is it too late for Medicaid Planning?
Generally, if there is money left to be saved then there is planning that can be done. However, if you become incompetent then there is little that can be done to save financial assets titled in your name.
What does it mean to be incompetent?
According to Ohio law, a person is incompetent if he is so mentally impaired as a result of a mental or physical illness or disability, or mental retardation, or as a result of chronic substance abuse, that the person is incapable of taking proper care of the person’s self or property or fails to provide for the person’s… Read the rest
Long-term care is not cheap. In fact, it is down-right expensive. The average annual cost of a nursing home room in the Cleveland Metropolitan area is $73,912.50. Moreover, betting that your parents will not need long-term care is a gamble that your parents will certainly lose. Seventy Percent (70%) of people over age 65 will need long term care during their lifetimes and no, Medicare won’t pay for it. Medicare doesn’t cover long-term care costs. Even if a number of criteria are met Medicare only covers the cost of a skilled nursing facility for up to 20 days, with the possibility of an additional… Read the rest
When I talk about Medicaid planning with people, I sometimes get negative responses. As one woman stated, “You mean, give Dad’s money away.” Often people believe that Medicaid planning is only about giving away assets and passing the financial burden of long-term care on to the state.
While it is true that Medicaid planning can certainly be used to preserve hard-earned savings, it is also about improving the quality of life for the individual in need of care and his or her loved ones.
For example, Medicaid Planning can be used to:
- Increase the amount of money that the spouse of an individual in