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Arkansas has a Spenddown Program
- While Arkansas has a Spenddown Program that permits Medicaid applicants to spend “excess” income on medical expenses in order to meet Medicaid’s income limit, it is prohibited for persons to qualify for State Plan Personal Care via this avenue. When persons have assets over the limits, one option is to “spend down” excess assets.
www.medicaidplanningassistance.org/arkansas-state-plan-personal-care/
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If you are hurt or sick and need a lot of care, you might be able to get temporary help from Medicaid even if you make too much money to get regular Medicaid. This is called “Medicaid Spend-Down.” To qualify for Medicaid Spend-Down, you must be spending a large part of your money on medical care.
May 29, 2024 · The “spend down” amount is the difference between one’s monthly income and the Medically Needy Income Limit. In AR, it is calculated for a 3-month period. Once the “spend down” is met, one is Medicaid eligible for the remainder of the period. The Medically Needy Asset Limit is $2,000 for an individual and $3,000 for a couple.
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Also, as previously discussed, an applicant must have assets, also called resources, under a certain amount to qualify for Medicaid. However, being over the asset limit does not mean one cannot qualify for Medicaid benefits. When considering ones assets, its important to be aware that some assets are exempt, or said another way, not counted towards...
Not all assets held by the applicant are counted towards Medicaids asset limit. When determining if one is over the asset limit, its critical to know which assets are counted and which are not.
Countable (non-exempt) assets are counted towards the asset limit. They are also sometimes referred to as liquid assets, which are assets that are easily converted to cash. Countable assets include cash, bank accounts (checking, money market, savings), vacation houses and property other than ones primary residence, 401Ks and IRAs that are not in p...
It is fairly standard that a single elderly applicant is limited to $2,000 in countable assets, but again, this figure varies based on the state in which one resides. For instance, in Maryland, single applicants can keep up to $3,000 in assets, Mississippi allows up to $4,000 in assets, and New York has a much higher asset limit of $15,450 (in 201...
When only one spouse of a married couple is applying for nursing home Medicaid or long-term care via a Medicaid waiver, the non-applicant spouse, commonly called the community spouse, is able to retain a higher number of assets. As of 2019, this figure, called the Community Spouse Resource Allowance (CSRA) can be as great as $126,420. That said, t...
The CSRA is further complicated by the fact that some states are 50% states, while others are 100% states. In very simplified terms, in 50% states, the community spouse can keep up to 50% of the couples assets, up to the maximum allowable amount. (As mentioned above, this figure, as of 2019, is $126,420 in most states). There is also a minimum reso...
If an applicant is over the asset limit for Medicaid eligibility, spending down excess non-exempt assets becomes paramount. As mentioned above, one must proceed with caution in order to avoid violating Medicaids look-back period, which is 60-months in every state but California. (California has a 30-month look-back period). Fortunately, there are m...
This program lets you get Medicaid benefits even if your income is over the Medicaid program guidelines. It lets you spend down your income so that you meet the Medicaid income limits. The spend-down amount is different for each person and is any income amount that is over the Medicaid limit.
The Medicaid Spend-down program lets you get Medicaid benefits even if your income is higher than Medicaid program guidelines. It works by letting you spend down your income so that you meet Medicaid income limits.
Mar 7, 2023 · Arkansas does not allow applicants to use the Medicaid spend-down to qualify for LTSS benefits. But applicants with incomes above the Medicaid eligibility limit can qualify for nursing home care and HCBS by depositing income into a Qualified Income Trust , which is also called a “Miller Trust.”
Via income spend-down, excess income can be “spent down” on medical bills each month in order to qualify for Medicaid. Medical bills can include: Health insurance premiums; Prescription drugs; Physician visits; Unpaid medical bills; While commonly known as a “spend-down” program, some states refer to it by different names, including ...
