Medicaid

The Midwest Special Needs Trust (MSNT) provides a method for relatives and other individuals or entities to contribute to the supplemental care of disabled persons. Cash and other liquid assets in the form of stocks or bonds, money market funds and treasury bills may be contributed to the trust. Also, receipts from insurance policies, annuities, […]

Other types of property that may be considered an available resource or transfer include: Mineral Rights Timber Rights Easements Leaseholds Water Rights Life Estates Remainder Interests The equity value of these properties is only excluded if the property: is a life estate or remainder interest is used in the course of a participant’s trade or […]

Any transfer made within five years previous to an application for MO HealthNet Vendor assistance will result in a penalty before the application qualifies for payment for nursing home assistance.  For any uncompensated transfer which falls within the Five-Year Look-Back period, a penalty period will be applied, during which the applicant will not qualify for […]

Consider the total amount on deposit in a joint bank account, of which the applicant or participant is one of the owners, as available unless there is verification the money placed in the account or a definite portion of it belongs to the other joint owner(s).  If the applicant/participant is married and living with spouse, […]

Personal property or assets is defined as household goods, jewelry, farm surpluses, livestock, farm or business machinery or equipment, automobiles and trucks, and similar items. The following items are considered available resources: Boats, campers, trailers, and recreational vehicles not used as the applicant/participant’s homestead. Motorcycles, unless only one is owned and it is the applicant/participant’s […]

In cases where the couple’s total non-exempt assets are less than the minimum spousal share, the institutionalized spouse receives an additional 90-day protected period to transfer assets received after approval for assistance, provided there is a new Intent to Transfer Assets Agreement signed. The additional protected period applies ONLY when the community spouse does not […]