If you are a single Medicaid applicant, what happens to your income? Almost every dollar is accounted for in the Medicaid rules. Elder Law Attorney Jim Koewler joins Suzanne to talk about where can you expect that money to go. 

Talking in generalities, regarding income for a single person, a person's income is used first, before Medicaid dollars. There are three places where money is usually going to go: 1) your personal needs allowance (spending money); 2) rent if you're in an assisted living community; and 3) health insurance premiums. Whatever's left goes to pay the costs of care so Medicaid doesn't have to.

Learn more at http://www.protectingseniors.com or email Jim at jkoewler-afe@protectingseniors.com.

If you are a single Medicaid applicant, what happens to your income? Almost every dollar is accounted for in the Medicaid rules. Elder Law Attorney <a href="https://answersforelders.com/specialists/jim-koewler/">Jim Koewler</a> joins Suzanne to talk about where can you expect that money to go. 
Talking in generalities, regarding income for a single person, a person's income is used first, before Medicaid dollars. There are three places where money is usually going to go: 1) your personal needs allowance (spending money); 2) rent if you're in an assisted living community; and 3) health insurance premiums. Whatever's left goes to pay the costs of care so Medicaid doesn't have to.
Learn more at <a href="http://www.protectingseniors.com/">http://www.protectingseniors.com</a> or email Jim at <a href="mailto:jkoewler-afe@protectingseniors.com">jkoewler-afe@protectingseniors.com</a>.

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Answers for Elders is the North Star in Navigating Senior Care.  Our content is designed to Empower Seniors and their Families through the Daunting Journey of Aging.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist seniors, caregivers and their families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

Answers For Elders Radio Network

Empowering Seniors and their Families through the Daunting Journey of Aging

For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.

For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.

Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health & Wellness, Life Changes, Living Options, and Money & Law.

Empowering Seniors and their Families through the Daunting Journey of Aging
For Caregivers: If you're caring for a senior loved one, or navigating later life care, we help make the journey so much easier for you and your family.
For Seniors: We help you be proactive to prepare for your aging years ahead, honoring your wishes.
Featuring our host, Suzanne Newman and top industry providers across the USA, together, we support, coach and assist families in finding the best independent solutions in world of aging, with a comprehensive line-up of topics covering Health &amp; Wellness, Life Changes, Living Options, and Money &amp; Law.

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