What if your spouse was in the nursing home? How would you meet expenses? How much
would you need to meet those needs if your spouse pre-deceases you? There are special
rules for married couples that allow for the state to pay for the care of the first
one needing it. We help you understand the rules and regulations that apply to these
special situations. Don’t go broke paying for your spouse’s care. Let us help you
We have guided hundreds of Hoosier families through the process of applying and qualifying
for benefits that they have earned and paid for .Call us today for a free consultation.
Who Pays for Long-Term Care?
Many seniors mistakenly believe that Medicare will pay for long-term care expense.
In fact, Medicare will only pay for rehabilitation services and only up to 100 days.
The first 20 days following a hospital stay of more than 3 days (excluding day of
admission and day of discharge) are paid at 100%. The next 80 days have a $144.50
per day co-pay (usually paid by Medicare supplement insurance).
After discharge from rehabilitation, you will be responsible for all long-term care
charges. Methods of payment include long-term care insurance, privately paying,
VA benefits, and Medicaid. DO NOT ASSUME that you have to spend down to the state
mandated $2000 level of assets. There are legal and financial instruments that may
allow you to retain more of your assets and MOST IMPORTANTLY, provide for the needs
of your spouse or a dependent or special needs child. Let us help you retain as
much of your estate as possible.
Our associates work closely with tax and legal professionals to make sure your plan
is tax-efficient and fulfils the rules for qualification as well as meets your desire
for estate distribution upon your death. Without a plan, you may be required to
spend down to only $2000 . . . not even enough for burial expenses. Don’t let that
happen to you and your family.
HSS can help you understand the rules and regulations that affect eligibility and
qualification for these benefits. We work with a team of elder law attorneys, financial
advisors, and CPAs to ensure complete compliance with all laws as well as help you
calculate the effects of taxes on any strategies as well as the cost of care.
Call Hoosier Senior Solutions today to learn more about this benefit and let us help
you with the qualification process.
Let HSS take the confusion out of the process of providing care for your loved one.
Even if your loved one is currently residing in a nursing home or receiving other
care, it is not too late to prevent a complete spend-down of assets. Let us evaluate
your situation to see how much you can save on long-term care expenses by calling
for a free consultation today.
New to Indiana - Spousal IRAs Are Exempt from Medicaid Spend Down
Call us today to see how this affects your eligibility for Medicaid and what you
can do if the nursing home spouse has an IRA (which must be spent down). We help
you understand the financial and legal tools you can use to ensure that your (or
your spouse’s) retirement programs are secured for exactly that - retirement - and
that they are not used to pay down long-term medical or care costs.