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

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

Some people qualify for both Medicare and Medicaid and are called 'dual eligibles. ' If you have Medicare and full Medicaid coverage, most of your health care costs are covered. The Medicaid program is administered by the local Department of Social Services in the city or county where you live.

To be eligible for Virginia Medicaid, you must be a resident of the state of Virginia, a U.S. national, citizen, permanent resident, or legal alien, in need of health care/insurance assistance, whose financial situation would be characterized as low income or very low income.

As a result of eligibility expansion, Medicaid is available to Virginia adults under age 65 who earn up to 138% of the poverty level. In 2023, that's $20,120 for a single person, and about $34,307 for an adult in a household of three people).

Health coverage from Virginia Medicaid needs to be renewed each year. This is called an annual renewal. If your local department of social services has all of the information needed to complete your renewal, this process will be done automatically.

Real property is land, including buildings or immovable objects attached permanently to the land. Ownership of real property must be considered when determining your Medicaid eligibility but does not necessarily keep you from receiving Medicaid.

As a result of eligibility expansion, Medicaid is available to Virginia adults under age 65 who earn up to 138% of the poverty level. In 2023, that's $20,120 for a single person, and about $34,307 for an adult in a household of three people).

Income & Asset Limits for Eligibility 2023 Virginia Medicaid Long-Term Care Eligibility for SeniorsType of MedicaidSingleMarried (both spouses applying)Income LimitAsset LimitInstitutional / Nursing Home Medicaid$2,742 / month*$4,000Medicaid Waivers / Home and Community Based Services$2,742 / month?$4,0001 more row ?

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