Indiana Medicaid laws affect when and how you can qualify for Medicaid coverage for nursing home care or in-home long term care services. Knowing these laws is very important to making plans to pay for long-term care. The reason why knowing Medicaid laws is vital is that Medicaid is likely the only source of payments for long-term care services. Medicaid will cover you for custodial care in a nursing home, which is the basic routine daily care that most nursing home patients need. Medicare and private insurance policies do not pay for this care and, while long-term care insurance can cover long term care, policies are often prohibitively expensive and come with limitations that make them an impractical solution for affording care costs.
Because you will generally have to pay privately for long term care or nursing home care if you cannot qualify for Medicaid, you need to know Indiana’s laws on what it takes to get Medicaid to cover you. These laws include limitations on the amount of financial resources you can have while still getting covered.
If you have too many resources, you could be forced to spend your money on long term care until you have impoverished yourself, since you’ll have no other way to pay for this vital care. Only after your assets have been lost and you no longer have the chance to leave a legacy will you be able to get Medicaid to cover the care you need. However, if you know the rules for qualifying for Medicaid in Indiana, you can take action and plan ahead to get covered while protecting your wealth.