An elderly person receives support from a caregiver, holding hands indoors, showcasing compassion.

Medicaid Mistakes

The Medicaid (i.e., Medical Assistance) process is very complex. At its core is the issue of making sure certain asset levels are in place. In order to be eligible for Medicaid, the applicant must have no more than $2,500 in countable assets. But, often the issue is, when do you need to have $2,500 in countable assets?

New Medicaid Numbers

Medicaid Spousal Impoverishment Figures for 2012 The new minimum community spouse resource allowance (CSRA) is $22,728, and the new maximum CSRA is $113,640. The new maximum monthly maintenance needs allowance is $2,841. The minimum monthly maintenance needs allowance remains $1,838.75.  This has yet to be implemented for Maryland.  It is expected to come out shortly.  It is unclear…

New Average Nursing Home Costs Released

Metlife recently released their study confirming that nursing and assisted living rates increased nationwide between 2009 and 2010.   For Maryland, in the Baltimore region nursing home costs for semi-private rooms ranged from $6,200/month to $8,742/month.   Nursing home costs for private rooms ranged from $6,510/month to $11,005/month.   Statewide, assisted living costs in 2010 ranged from $2,800/month…