Frequently Asked Questions Videos
What is the penalty period with Medicaid?
Video Transcription:
Medicaid penalizes transfers for less than fair market value. This is referred to as the penalty period. The penalty period is calculated by taking the value of the transfer for less than fair market value divided by what the state has determined is the current monthly cost of care in a nursing home. That penalty period begins to run when you are in the nursing home facility and otherwise eligible for Medicaid.
What is elder abuse?
Video Transcription:
Elder abuse is the physical, emotional, sexual, psychological, or financial abuse of an elder. Defined as someone aged 60 or older. Many states have expanded the definition of elder abuse to also include other vulnerable individuals such as those with a disability. If you suspect elder abuse please report it to your state adult protective service agency or law enforcement in your area.
What is SSI?
Video Transcription:
SSI stands for supplemental security income, which is an income and asset means-tested program that provides income to children and adults with disabilities through the Social Security Administration, or individuals over age 65 who are retired and meet those same guidelines.
What is a nursing home?
Video Transcription:
A nursing home is a medical facility that provides round the clock nursing care for individuals who need rehabilitation care as well as long-term care. This includes assistance with your activities of daily living, medication management, and assistance such as physical therapy and speech therapy.