Medicaid is a federal and state program administered by the state that covers the majority of an individual’s long-term care costs in a skilled nursing home.
Individuals applying for Medicaid must meet strict financial criteria. A single person can have no more than $30,182 (2023 NY State), in non-exempt resources. The resource allowance for a married couple is greater and the rules are much more complicated when there is a spouse in the community.
If you are looking for limits outside of NY, please contact our offices.
If you are looking for limits outside of NY, please contact our offices.
In a word, YES…
There is an extensive amount of information requested by the Medicaid intake office. Medicaid requires 5 years of bank statements and all financial accounts.
Explanations and verification concerning any transaction made during that time period will requested as well as, documents such as:
- Life insurance info
- Vehicle info
- Marriage status
- VA benefits
- Health insurance info
- Pension
- …And much more
Failure to comply with requests for information could lead to loss of coverage or denial of benefits.
It is not unusual for an application to take 5-6 months to complete. Complicated cases could stretch to 6 – 9 months.
NO.
We process Medicaid applications ONLY, and we work with families to answer questions presented by Medicaid.
Summit processes more Medicaid applications than anyone in New York State.
Summit will work with your Estate Planning attorney to ensure a successful outcome.
We do not do estate planning or give legal advice.
Yes. The fee for our services is an allowable part of their “spend down” to reach the Medicaid eligibility resource limit or they can use their remaining resources to pay the fee.
YES. Your case manager will obtain any and all documents required.
Summit will continue to represent your loved one until the Medicaid case is determined.
Contact Summit by phone or online…
- Make the call today to (716) 332-6487 or toll free at (866) 404-7427
- Click here and complete the form to contact Summit online
