Some changes are on the horizon for Indiana Medicaid recipients. These changes go into effect June 1st and will impact many of our clients who are in nursing homes. First, the total countable resources a person can own and be Medicaid eligible is changing. For a single person, the amount is increasing from $1,500 to $2,000. For a married couple who are both on Medicaid, the resource limit goes from $2,250 to $3,000. Second, every Medicaid recipient with income over $2,163/month must establish a “Qualified Income Trust” (i.e., “Miller Trust”) in order to remain eligible. This rule will also apply to future Medicaid applicants. A Miller Trust is an irrevocable trust which receives the individual’s income, such as their monthly Social Security and pension payments. Distributions can be made from the trust for the individual’s medical care, for his or her spouse, and for health insurance premiums.
Posted on: Thu, 20 Mar 2014 14:47:22 +0000
Trending Topics
Recently Viewed Topics
© 2015