Mississippi Medicaid Long Term Care Handbook, Planner, and State Resource Guide

State:
Multi-State
Control #:
US-005HB
Format:
Word
Instant download

Description

Saving enough to retire comfortable and leave a legacy to your loved ones requires sound investment and planning. However, many overlook what could be their most costly expense related to aging: paying for long term care. Long term care is expensive whether you receive care in a nursing home, assisted living facility, or in your home. Many people do not have the resources to pay for long term care, including individuals who did well for themselves in their working years. This leaves Medicaid as the only viable option many have to pay for their long term care needs.

Medicaid qualified individuals can receive care: in a traditional nursing home; in a hospice; in their home through a Home and Community Based Services (HCBS) Waiver; through a Program of All Inclusive Care for the Elderly (PACE); or through long term care insurance purchased through a state insurance partnership if you live in New York, Connecticut, Indiana, or California.

This is an excellent guide to help you understand Medicaid, the benefits it provides for long term care, and who may qualify. The guide also contains tips and strategies to help you with your long term care planning, a planner to help you estimate your eligibility, and a state resource guide with state .gov websites, addresses and telephone numbers.

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  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide
  • Preview Medicaid Long Term Care Handbook, Planner, and State Resource Guide

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FAQ

The cost of nursing homes in Mississippi is nearly 110% greater than that of assisted living facilities. The average cost for a semi-private room is $7,118 per month, and a private room is $7,314 per month. These costs vary across the state.

Any Mississippi Medicaid beneficiary who receives nursing home coverage must give most of their income to the state to help pay for the cost of the nursing home. They are only allowed to keep a ?personal needs allowance? of $44 / month, as of 2023.

The Mississippi Division of Medicaid has contracts with three Coordinated Care Organizations, who are responsible for providing services to the Mississippi Medicaid beneficiaries who participate in the MississippiCAN program. All plans offer the same services Medicaid offers.

Eligible members do not directly receive money from Medicaid for health benefits. Medicaid is separate from Medicare. Total monthly income can be no more than 135 percent of the federal poverty level: $1,691 per month for an individual, or ? $2,269 per month for a couple.

Mississippi Medicaid includes multiple health benefits programs administered by DOM: fee-for-service Medicaid, MississippiCAN and CHIP. The federal medical assistance percentage (FMAP) is used to calculate federal matching funds for medical service expenditures.

No, Medicare doesn't cover the cost of assisted living facilities or other long-term residential care, such as nursing homes or memory care facilities.

Income Limits for Medicaid and CHIP Programs Family Size12Monthly Income$1,799$2,432

For individuals who can get full Mississippi Medicaid health benefits, the following are covered services: office visits. family planning services. inpatient hospital care. outpatient hospital care. prescription drugs. eyeglasses. long term care services. inpatient psychiatric care.

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Mississippi Medicaid Long Term Care Handbook, Planner, and State Resource Guide