2015 Ohio Medicaid financial standards for long term care

The Medicaid program helps pay for long term care (nursing home, assisted living, or in-home care) for many seniors.  The Medicaid rules allow the patient and the patient’s spouse to keep certain amounts of their savings and certain amounts from their monthly income.  As of January 2015, Ohio’s Medicaid program allows the following amounts:
Savings patient can keep: $1,500
Savings spouse at home can keep: $23,844 – $119,220
Monthly income patient can keep: $50
Monthly income allowance for spouse: $1,967 – $2,981
Monthly housing allowance for spouse at home: $590
Monthly utility allowance for spouse at home: $498
What Medicaid pays nursing homes each month: $6,327
Limit on equity in home:  $552,000

Note:  Because this information is an update of the Medicaid “financial standards,” it also appears on my website’s Medicaid page.

For more information visit www.ProtectingSeniors.com.

Jim Koewler’s mission is Protecting Seniors and People with Special Needs

For help with long term care costs, call Jim, or contact him through this website.

© 2015 The Koewler Law Firm.  All rights reserved.

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