Medicaid

The Midwest Special Needs Trust is an organization that can act as a co-trustee and allow otherwise countable assets to be considered exempt special needs trust assets. 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 […]

A variety of unusual assets can be considered countable assets, including mineral rights, timber rights, easements, leaseholds, water rights, life estates and remainder interests. 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 […]

Any gifts made by a prospective Medicaid applicant within 5 years of the Medicaid application will result in a penalty period before Medicaid eligibility will begin, with the size of the penalty based on the magnitude of the gift made. Any transfer made within five years previous to an application for MO HealthNet Vendor assistance […]

Funds held in a joint bank account are considered countable resources for Medicaid purposes, unless it can be proven that the funds held in the account are the clear property of the other joint owner(s). Consider the total amount on deposit in a joint bank account, of which the applicant or participant is one of […]

One automobile will be considered exempt for Medicaid purposes, as will any and all normal household items used in the home by the applicant prior to entry to care. 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 […]

Any receipt of resources received by a Medicaid recipient will be considered countable resources; resources received by a Community Spouse of a Medicaid recipient will not be countable resources for the Medicaid recipient. 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 […]