A: Medicaid nursing home benefits come with maximum income requirements. For 2014 that maximum is set at 2,169 per month.
A: Yes. an irrevocable qualified income trust may be established so you can qualify for Medicaid nursing home benefits to help pay for the cost of long term care in a qualifying nursing facility.
A: All of the applicant’s income, including any income deposited into the trust account, is counted in determining the applicant's share of cost, which is the portion of medical expenses that remain the applicant’s responsibility.
But before paying the Medicaid applicant's share of cost, the trust can pay the Medicaid applicant a small personal needs allowance and, if married, it can pay the Medicaid applicant's spouse (called the community spouse) a monthly allowance. The amount that can be paid to the community spouse is called the minimum monthly maintenance needs allowance" (MMMNA).