On Medicaid for Long-Term Care? Keep Your Stimulus Payment!!! By Scott Selis on June 15, 2021

On Medicaid for Long-Term Care? Keep Your Stimulus Payment!!! 

As seen in April 2021 Aging Times 

 

As the latest round of stimulus checks go out, it is important to know that nursing home residents are not required to turn their checks over to their nursing home. Medicaid recipients need to spend the cash within a year if it puts them over Medicaid’s resource limit. 

In December 2020, Congress approved $600 stimulus checks for individuals making less than $75,000 a year. And Congress recently approved another round of $1,400 stimulus checks. Those checks should be sent to everyone eligible, including individuals on Medicaid and in a nursing home or assisted living facility. 

The Federal Trade Commission (FTC) is reminding nursing home and assisted living residents that their stimulus checks are for them, not their facility. With the first round of stimulus checks, there were reports that facilities were taking the checks without residents’ permission. The FTC says that if nursing homes ask for a resident’s check, the resident should contact the state attorney general and the FTC. 

Medicaid recipients who receive a stimulus check that puts them above Medicaid’s resource limit will need to spend down the money within a year or risk losing benefits. The Social Security Administration has said that it will not consider stimulus payments as income, and that the payments will be excluded from a Medicaid recipient’s resources for 12 months. 

The following are examples of what a Medicaid recipient may be able to spend the money on without affecting their eligibility: 

● Make a payment toward paying off debt 

● Make small house repairs 

● Update personal effects. Buy household goods or personal comfort objects. Buy a new wardrobe, electronics or furniture. 

● Buy needed medical equipment, see a dentist or get eyes checked if those items aren't covered by insurance. 

If you have questions about how you or a family member in a nursing home or assisted living can spend money, contact your local elder law attorney.

Click here to go to the April 2021 Issue of Aging Times 

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Scott Selis

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