Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
. .74 V‘
I ‘? 

MEDICAID PEANNING IN NOR'I‘H
CAROLINA — PART 2

 

Eligibility Options And Personal Plans
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

ll 3 TIA  Tl 3i
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

Basic Requirements
LAW OFFICES OF

CHERYL DAVID

ttttttttttttttttttttt er

North Carolina Medicaid is available to a

variety of groups,  but...
LAW OFFICES OF

Estate and Elder Law Center

You must be a citizen or provide
proof of eligibility,  you must be a
residen...
. .  ¥ I. ‘
my , 
-"a
-2
. , . r.: . "  n____‘
‘   i _. u:" mun:  kktdddfi : x'xu. t1i _-my-r

V 3 -= *—. *—‘: =.= r'—-e= —...
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

Long-Term Care Eligibility
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

When you want to use Medicaid to
pay for long-term care,  there...
LAW OFFICES OF

Estate and Elder Law Center

Though the eligibility calculation can be
complicated,  you cannot eam more t...
LAW OFFICES OF

Estate and Elder Law Center

If your income is over this level, 
you’ll have to pay a deductible to be
eli...
LAW OFFICES OF

CHEIWL DAVID

Estate and Elder Law Center

Further,  if your personal liquid
assets exceed the ‘reserve li...
PLANNING ELEMENTS

 ll :
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

Restructuring and Moving Assets
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

The equity in your home,  your
personal vehicle,  and your pers...
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

All other liquid assets,  however,  will
LAW OFFICES OF

CHERYL DAVID

ttttttttttttttttttttt er

Your plan will either tum your property
into exempt assets,  or tr...
LAW OFFICES OF

CHERYL DAVID

ttttttttttttttttttttt er

Crafting a properly structured irrevocable
trust,  for example,  c...
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

Start Sooner Rather Than Later
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

There is a 60-month ‘look back’ period
when it comes to calcula...
LAW OFFICES OF

CHEIWL DAVID

ttttttttttttttttttttt er

This means that unless you begin your
plan 5 years before applying...
LAW OFFICES OF

CHERYL DAVID

Estate and Elder Law Center

This is why starting your plan as
soon as possible is essential
4' ‘_q

   

S LEARN MORE ABOUT MEDICAID
PLANNING IN NORTH CAROLINA
Click to visit: 

1* r“I'*

I  ‘X

V7"/ 7V7.- C l l < l ‘  /  . . <

   

, M
.5

 y. ._)
Medicaid Planning in North Carolina: Eligibility, Options, and Personal Plans
Upcoming SlideShare
Loading in …5
×

Medicaid Planning in North Carolina: Eligibility, Options, and Personal Plans

North Carolina Medicaid is available to a variety of groups, but all applying for the program must meet specific requirements. Learn more about medicaid planning in North Carolina in this presentation.

  • Login to see the comments

  • Be the first to like this

Medicaid Planning in North Carolina: Eligibility, Options, and Personal Plans

  1. 1. . .74 V‘ I ‘? MEDICAID PEANNING IN NOR'I‘H CAROLINA — PART 2 Eligibility Options And Personal Plans
  2. 2. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center ll 3 TIA Tl 3i
  3. 3. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center Basic Requirements
  4. 4. LAW OFFICES OF CHERYL DAVID ttttttttttttttttttttt er North Carolina Medicaid is available to a variety of groups, but all applying for the program must meet specific Iequirements
  5. 5. LAW OFFICES OF Estate and Elder Law Center You must be a citizen or provide proof of eligibility, you must be a resident of North Carolina, and you must have a SSN or have applied for one
  6. 6. . . ¥ I. ‘ my , -"a -2 . , . r.: . " n____‘ ‘ i _. u:" mun: kktdddfi : x'xu. t1i _-my-r V 3 -= *—. *—‘: =.= r'—-e= —.*. ‘*7-—*. —.‘: *‘-. -=-1=; ..‘1 4 -" v ' ‘ V x . ‘ 3. Z * 5.! _ : ' ‘ I7 I‘ 2, , - ' : ' ' ' mo T ' L‘ I: ;<e_e‘e‘eelM mv
  7. 7. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center Long-Term Care Eligibility
  8. 8. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center When you want to use Medicaid to pay for long-term care, there are a variety of asset and income restrictions involved
  9. 9. LAW OFFICES OF Estate and Elder Law Center Though the eligibility calculation can be complicated, you cannot eam more than $798 as an individual or $1070 as a couple if you want to use Medicaid to pay for long-term care
  10. 10. LAW OFFICES OF Estate and Elder Law Center If your income is over this level, you’ll have to pay a deductible to be eligible for Medicaid
  11. 11. LAW OFFICES OF CHEIWL DAVID Estate and Elder Law Center Further, if your personal liquid assets exceed the ‘reserve limit’ of $2,000 for an individual of $3,000 for a couple, you are not eligible for the program
  12. 12. PLANNING ELEMENTS ll :
  13. 13. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center Restructuring and Moving Assets
  14. 14. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center The equity in your home, your personal vehicle, and your personal possessions will not count against you when determining Medicaid eligibility
  15. 15. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center All other liquid assets, however, will
  16. 16. LAW OFFICES OF CHERYL DAVID ttttttttttttttttttttt er Your plan will either tum your property into exempt assets, or transfer them in such a way that they are no longer counted against you
  17. 17. LAW OFFICES OF CHERYL DAVID ttttttttttttttttttttt er Crafting a properly structured irrevocable trust, for example, can remove assets from the Medicaid Calculation, as can other steps that your attomeywill tell you about
  18. 18. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center Start Sooner Rather Than Later
  19. 19. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center There is a 60-month ‘look back’ period when it comes to calculafing asset criteria for d eligibility
  20. 20. LAW OFFICES OF CHEIWL DAVID ttttttttttttttttttttt er This means that unless you begin your plan 5 years before applying for Medicaid, you may not be able to qualify for the program
  21. 21. LAW OFFICES OF CHERYL DAVID Estate and Elder Law Center This is why starting your plan as soon as possible is essential
  22. 22. 4' ‘_q S LEARN MORE ABOUT MEDICAID PLANNING IN NORTH CAROLINA
  23. 23. Click to visit: 1* r“I'* I ‘X V7"/ 7V7.- C l l < l ‘ / . . < , M .5 y. ._)

×