Medicaid
Eligibility
To obtain nursing home Medicaid benefits, a person must be at least 65 years of age, or blind or disabled, and have the medical necessity to be in a nursing home. Usually this is not a problem because people seldom go to live in a nursing home unless they have to. For Medicaid, a nurse employed by the state will do an evaluation to determine the medical need.
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2024 Amounts
Medicare and Medicaid Spousal Impoverishment Figures
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Income Cap
Medicaid in Oklahoma has two financial eligibility requirements: Have less that $2,000 of countable assets and less than $2,829 (in 2024) of gross monthly income. The $2,829 is an “income cap.”
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Protect The Spouse
In Medicaid terminology, the spouse in the nursing home is called the “Institutionalized Spouse,” and the spouse staying at home is called the “Community Spouse.”
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Special Needs Trust
There are planning techniques which will allow a person on SSI and/or Medicaid to keep his benefits even if he receives a large amount of assets or a stream of income.
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