Can I still qualify for Medicaid nursing facility eligibility if my income is more than the allowed $2,130 per month? September 19, 2013

(2013) Can I still qualify for Medicaid nursing facility eligibility if my income is more than the allowed $2,130 per month? September 19, 2013. Aging, Department of (Elder Affairs, Department of)

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Abstract

A Miller Trust is an irrevocable trust established on or before August 10, 1993, for the benefit of an individual and is used to help pay the cost of nursing facility care. The person residing in the nursing facility is designated as the beneficiary, and after the beneficiary’s death, all remaining amounts, up to the amount of Medicaid paid for the beneficiary, are paid to the State, the residuary beneficiary. Once a trust is established, a bank account for monies associated with the trust can be opened. Only certain funds, including the beneficiary’s earned and unearned income, can be deposited into the Miller Trust account. A trustee, usually a spouse or family member, is the person who administers the trust and pays out money.

Item Type: Other
Keywords: Miller Trust, long-term care, ombudsman, facility, nursing home, financial, Medicaid, income, resident, tenant, old, elderly, aging,
Subjects: Health and medicine > Healthcare > Nursing homes and assisted living facilities
Health and medicine > Health insurance and health care coverage > Medicaid
Social issues and programs > Aging
ID Code: 22864
Deposited By: Pat Wyatt
Deposited On: 19 Oct 2016 14:18
Last Modified: 19 Oct 2016 14:18
URI: http://publications.iowa.gov/id/eprint/22864