Myth: Don’t I automatically receive Medicaid at age 65?
Fact: Sounds like you’re confusing Medicare and Medicaid. Medicare is a benefit you get when you turn 65 which covers basic health care. Medicaid is a means-tested program that covers medical care, such as long term home health care aides, adult day care programs, and transportation to medical appointments via taxi or ambulette. While Medicaid […]
Myth: I have a pension. Does this mean I can’t qualify for Medicaid?
Fact: No, you can qualify for Medicaid home services, even if you have a pension. Income in excess of the Medicaid limits can be protected by setting up a Pooled Income Trust.
Myth: So what exactly IS a Pooled Income Trust?
Fact: This is a trust that allows you to shelter any income that exceeds Medicaid’s monthly limitations. It is commonly used by Medicaid recipients to pay for any non-medical expense incurred. However, it has a complex application process, best handled by a Medicaid expert. Many people who try to apply for Medicaid on their own […]
