Alzheimer’s, Medicaid and Resources

payingforalzheimerscare
Brian Willie

When a family member has Alzheimer’s, it’s often neccesary to seek the assistance of Medicaid. Medicaid will want to know all resources (assets) available to the person applying. However, this does not mean that they will count all resources. Generally, there are countable and non-countable resources. When I say non-countable, this means that although they must be disclosed, Medicaid will not take them into consideration when determining whether your loved one qualifies. The following is a list of assets that in most states are considered non-countable:

A home, if the applicant has an intent to return home (generally up to $500,000 in equity)
One automobile
Personal effects
Life insurance with a total face value of $1,500 or less
Property used in a trade or business
It’s important to keep in mind ......READ THE WHOLE POST

For dementia information, click here

For Alzheimer's activity ideas, click here