Since 1970 we have designed, critiqued, and brokered Long-Term Care Insurance. We research and bring to you the highest rated plans for Long-Term Care Insurance in Ohio. With over 60 years of combined experience, we can provide knowledge and insight that can only be gained through experience in this market.
Medicaid is a state administered program and each state sets its own guidelines regarding eligibility and services.
(Section 1924 of the Social Security Act; U.S. Code Reference 42 U.S.C. 1396r-5)
The expense of nursing home care, which ranges from $4,000 to $6,000 a month or more, can rapidly deplete the lifetime savings of elderly couples. In 1988, Congress enacted provisions to prevent what has come to be called "spousal impoverishment," which can leave the spouse who is still living at home in the community with little or no income or resources. These provisions help ensure that this situation will not occur and that community spouses are able to live out their lives with independence and dignity
2017 Spousal Impoverishment Standards
Community Spouse Monthly Income Allowance: (Effective 1-1-15 Unless Otherwise Noted)