How is Medicaid qualification determined?
First an individual must have a medical need to be in a nursing home. The second major qualification is the financial qualification, and this will vary by state. The financial qualification looks at how many assets an individual, or couple, own, and then based on the type of assets and the state thresholds the state will determine if the individual meets the financial qualifications. Certain assets are considered exempt assets, or they do not count as assets for purpose of Medicaid qualification, and other assets are considered non-exempt assets. The non-exempt assets will need to be below a specific level to meet the state financial qualifications. The Bell Law Firm provides clients guidance on how the financial qualification for Medicaid will be applied to their specific assets. The third major qualification is to determine if the applicant should be disqualified for unauthorized property transfers (i.e. gifts) within a sixty (60) month look back period that were made in order to qua
