This is so the spouse who does not live in the nursing home can have enough money to pay for their own expenses. In Illinois, this program is often called a “spend down” program. The spouse in the nursing home may transfer assets to the community spouse.Example: Sam lives in a nursing home. Wesley J. Coulson, Coulson Elder Law, LLC Financial assets in excess of the limit can be converted into exempt assets. The applicant must meet certain... 3. By using our website, you agree to our MedicaidPlanningAssistance.org is a free service provided by the American Council on AgingMedicaidPlanningAssistance.org is a free service provided by the American Council on Aging A motor vehicle – absent certain exceptions, exempt up to $4,500 in value;v. Life insurance with total face value of $1,500 or less and term or other life policies with no cash value;vi. 2. That being said, this page is focused on Medicaid eligibility, specifically for Illinois residents, aged 65 and over, and specifically for long term care, whether that be at home, in a nursing home or in assisted living.There are several different Medicaid long-term care programs for which Illinois seniors may be eligible.
With the new change, the community spouse may be required to divorce the nursing home spouse and “enforce” the prenuptial agreement to preserve his/her separate assets from the nursing home spouse’s care costs.Income producing farmland and farm equipment no longer exempt. PM 07: Assets.

Sam's monthly income is Social Security of $900 and a The medicaid community spouse maintenance amount in Illinois is $2739 and not $3090 - See PM 15-04-04-aWe will look into this, and update our content accordingly!Worried about doing this alone? In this case, Sam may transfer all of his assets to Mary, because the total value of the combined assets ($70,000) is less than the CSRA For Medicaid recipients living in nursing homes, there are special rules regarding income. To clarify, this income can come from any source. Medicaid helps people in need with healthcare costs. Exemptions include personal belongings, household furnishings, an automobile, irrevocable burial trusts, and one’s primary home, given the Medicaid applicant or their spouse lives in it and the home equity value is under $595,000 (in 2020).For married couples, as of 2020, the community spouse (the non-applicant spouse of a nursing home Medicaid applicant or a Medicaid waiver applicant) can retain up to a maximum of $109,560 of the couple’s joint assets, as the chart indicates above. A single Medicaid applicant may keep up to $2,000 in countable assets and still qualify. Because Mary's assets are below the CSRA, Sam may transfer his assets to Mary up to the amount of the CSRA.

Illinois is an income cap state and does not allow Qualified Income Trusts (QITs), but does allow monthly excess income to be allocated to Pooled Income Trusts. In this Elder Law Minute, Wes Coulson, Illinois Elder Law attorney, continues with the series What You Can and Can’t Keep with Medicaid and discusses the Medicaid rules on farm land and offers insights on how to determine if it can be considered an exempt asset in the eyes of Medicaid.

These may include lab work, medical supplies, home health care, assistance with daily living activities, and more.5) Illinois Medicaid-Medicare Alignment Initiative (MMAI) – Also for individuals who are dually eligible for Medicaid and Medicare, this is a managed care program that streamlines both program benefits.

Residency and Citizenship – the applicant must be an Illinois resident and be a U.S. citizen or have proper... 2.

Available) – Medicaid divides assets into two categories: Exempt and Available. If persons transfer assets for less than FMV, the State will apply a penalty, or “penalty period,” that delays the date they can qualify to receive Medicaid long term care services.


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