Medicaid Applications for Nursing Homes in Connecticut
Medicaid is a federal and state funded program that is administered by each state. It pays medical care costs for those who can’t afford them. It is commonly referred to as Title 19 which is the Federal Act number.
Eligible individuals may be those age 65 and over, the blind, or the disabled. Once financially eligible Medicaid will pay for your nursing home care at a facility that accepts Medicaid. Your income may be utilized as your portion of the monthly payments and Medicaid will pay the balance. This is dependent on if there is a spouse at home and the level of their income and current housing costs.
The average cost of long-term nursing home care in New England is currently nearly $14,000 per month. The average stay in a nursing home is two years. To pay out-of-pocket for nursing home care for one resident for two full years, the cost would be approximately $336,000. If you qualify for Medicaid, your benefits may cover this cost completely.
It’s never too early to start planning. If you are approaching the time when you may need to enter a nursing home, consider how you will pay for your care.
If you are the spouse, child, grandchild, or other family member of someone who may need nursing home care, now is the time to begin learning about your options. Will you pay out-of-pocket? Do you have funds you’ve set aside for this day? Or will you need to spend down assets in order to qualify for Medicaid?
Whether this day is right around the corner or six months, a year, or two years in the future, you can begin planning now.