Montana Medicaid Long Term Care Handbook, Planner, and State Resource Guide

State:
Multi-State
Control #:
US-005HB
Format:
Word; 
Rich Text
Instant download

Description

Saving enough to retire comfortable and leave a legacy to your loved ones requires sound investment and planning. However, many overlook what could be their most costly expense related to aging: paying for long term care. Long term care is expensive whether you receive care in a nursing home, assisted living facility, or in your home. Many people do not have the resources to pay for long term care, including individuals who did well for themselves in their working years. This leaves Medicaid as the only viable option many have to pay for their long term care needs.

Medicaid qualified individuals can receive care: in a traditional nursing home; in a hospice; in their home through a Home and Community Based Services (HCBS) Waiver; through a Program of All Inclusive Care for the Elderly (PACE); or through long term care insurance purchased through a state insurance partnership if you live in New York, Connecticut, Indiana, or California.

This is an excellent guide to help you understand Medicaid, the benefits it provides for long term care, and who may qualify. The guide also contains tips and strategies to help you with your long term care planning, a planner to help you estimate your eligibility, and a state resource guide with state .gov websites, addresses and telephone numbers.

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  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide

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FAQ

LOOK-BACK PERIOD: The look-back period begins the date an institutionalized or HCBS/Waiver individual (married or single) requests Medicaid coverage. The look-back period is 60 months for all transfers, including trust payments to or for the benefit of a person or entity other than the Medicaid client.

Approximate Monthly Income to Qualify for Montana Medicaid, 2023 Family SizeAdults 19-64Pregnant Women1$1,616$1,9082$2,186$2,5803$2,749$3,2454$3,325$3,9252 more rows

Individuals may be eligible for Medicaid if determined blind or disabled using Social Security criteria, and if their income is within allowable limits and their resources do not exceed $2000 for an individual or $3000 for a couple.

Montana Medicaid and Healthy Montana Kids (HMK) Plus.

Montana residents can receive long term care benefits through Montana Medicaid in a nursing home, in their home, the home of a loved one, an adult foster care home, a community adult group home or an assisted living residence through one of three programs ? Nursing Home / Institutional Medicaid, Home and Community ...

The amount one must ?spend down? is the difference between one's monthly income and MT's Medically Needy Income Limit (MNIL). This can be thought of as a deductible. In 2023, the MNIL is $525 / month for single applicants, as well as married couples.

Parents of Dependent Children: Eligibility levels for parents are presented as a percentage of the 2023 FPL for a family of three, which is $24,860. Other Adults: Eligibility limits for other adults are presented as a percentage of the 2023 FPL for an individual, which is $14,580.

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Montana Medicaid Long Term Care Handbook, Planner, and State Resource Guide