EXEMPT
ASSETS -
MEDICAID
1.
Homestead (the home to where the nursing home resident intends to
return or
where the spouse, sibling, or minor or disabled child resides)
2.
Burial Merchandise (any value)
3.
$1,500.00 burial fund or life insurance with a face value of $1,500.00
or less
4.
Furnishings
5.
Car
|
COMMUNITY
SPOUSE |
NURSING
HOME RESIDENT |
|
Assets |
Assets |
|
-
$84,120 |
-
$2,000 |
|
-
1 Car |
-
Burial Merchandise |
|
-
Burial Merchandise fund/life |
-
$1,500 burial insurance |
|
-
$1,500 burial fund/Insurance |
|
|
-
Homestead |
|
|
|
|
|
Income |
Income |
|
Their
income is not counted as available to nursing home resident. |
All
income that is not diverted to spouse is paid to nursing home. The
client is given a $30 monthly allowance. |
|
If
their monthly income is less than $2,103, they can take a portion or
all of the nursing home resident's income to bring income up to $2,103. |
|
|
If
income is in excess of $2,103 IDPA may seek support. |
*
As of January, 2000