About Medicaid Planning
This program is health insurance for low-income and medically needy individuals. To qualify, income and assets must be below certain thresholds, and the person must meet certain Social Security definitions. Planning in this area usually involves moving excess resources into non-countable positions. The RCFS Supplemental Needs Pooled Trust is a common tool that, under appropriate circumstances, can be created and used to protect those excess resources. Additionally, most Medicaid programs offer Waiver or Home and Community Based Services (HCBS) to help people stay in their homes and communities. These programs may include extra benefits like home modifications, and people can apply for them at the same time as their initial Medicaid application.
How RCFS Helps
- Retitling of assets transferred to the Community Spouse
- Medicaid LTC Pre-planning for Community Spouse
- Annual Redeterminations
- Review of all notifications and communications from the Assistance office
- Appeals relating to patient liability amounts which also includes the spousal allowance and other deductions
- Reporting and spend down of “After Acquired” assets
- POA’s and Wills should be reviewed and updated if needed. Named Agents should be familiar with the components of the Medicaid plan should there be a need for them to act.
- Heir advocacy post death