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Medical
Assistance as a Long Term Care Financing Option
Marlene
S. Stum, Ph.D. & Claire Althoff, Family Social
Science
Medical
Assistance, also commonly called MA or Medicaid,
is a federal and state program designed to provide
a safety net for individuals with low income and
assets who need long term care. This checklist
will help you gather information and determine
if Medical Assistance is a realistic financing
option given your goals and situation. When you
are done, you should be able the answer the following
questions:
- ____
Will your current and future income and assets
be sufficient to cover the costs of your long
term care? What about a spouse/partner?
- ____
Will you be able to qualify for Medicaid?
- ____
If you have a spouse, how comfortable would
they be living on the income and assets they
are allowed to keep?
- ____
How might your long term care choices and quality
differ if you were on Medical Assistance versus
private pay?
- ____
What would the process be to become Medicaid
eligible?
- ____
What is the first step you need to take to have
Medicaid pay for your long term care costs?
Learn
more about your Medicaid eligibility.
- ____
Complete the "Public Benefits Counselor".(www.benefitscheckup.org)
This program takes 5-10 minutes to complete.
Sponsored by the National Council on the Aging.
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