Arkansas Elder Law & 

Raymon B. Harvey P. A. © 2016 | 650 S. Shackleford Road, Ste 400, Little Rock, Arkansas 72211 | 501-221-3416

THE RAYMON B. HARVEY LAW FIRM

Special Needs Trusts 

MEDICAID

For all practical purposes, in the United States the only insurance plan for long-term institutional care is Medicaid. Medicare only pays for approximately 2 percent of skilled nursing care in the United States. Private insurance pays for even less. The result is that most people pay out of their own pockets for long-term care until they become eligible for Medicaid.

 

Eligibility for Medicaid services is based on three main requirements:

• Monthly income of no more than $2,199.00 in 2015

• Total countable assets of no more than $2,000.00; and

• No asset transfer penalty.

INFORMATION

Miller Trusts, also referred to as Income Trusts, are used to allow an individual to meet Medicaid income eligibility requirements.  >>>

Special Needs Child 

You have five choices with respect to your estate planning and provision for your disabled child:   >>>

Eligibility for Medicaid services is based on three main requirements:

•Low Monthly income; and

•$2,000 in countable assets

•No existing penalty.  >>>

Long Term Care facilities in Arkansas  >>>

The current SSI and Medicaid eligibility numbers. Incouding spousal impoverishment and income limits. >>> 

Long Term Care is more than Medicaid. Decision making and paying for care must be considered. >>>