As the population ages and innovation of modern science enables people to live much longer than ever before, there is increase strain on resources from the rising costs of long term care. There are programs that can help pay for the cost of such care. Nursing home Medicaid is one of these such programs, as it is a federally funded program administered by the Georgia Department of Community Health to provide care for those who have a medical need for a nursing home. Along with having a medical need for a nursing home, those seeking to receive nursing home Medicaid must satisfy income and asset tests. These tests require that the applicant reduce their income and assets to a specified level. Care must be taken when reducing income and assets to qualify to receive nursing home Medicaid, as if assets are transferred incorrectly, there can be a long waiting period for receiving Medicaid. Transferring assets to protect them from the cost of long term care expands the options of care in the later years.
The preservation of assets is not simply intended to benefit the heirs of the Medicaid applicant, but to provide money for the things that public benefits do not cover. This money can be used to purchase experimental treatments, private rooms, assisted devices, or anything else that would make life easier for the nursing home resident. By preserving assets through Medicaid with the help of an experienced elder law attorney to preserve resources to improve conditions during a nursing home stay