The following income/financial requirements apply to the patient (Medicaid "Member") who requires care.
Gross income includes all income sources, such as Social Security, Pension Benefits, Annuity Payments, employment income, royalties, etc…
Income cannot exceed $2,829 for all sources of income combined. Individuals with a higher income should contact an attorney regarding a Qualified Income Trust if interested in receiving EDWP services.
For individuals whose gross income is above the current SSI limits ($943/month), there may be a cost share for services. The estimated cost share can be calculated by subtracting $943 from the gross monthly income (example: SSA income is $1,143 per month; after subtracting $943, the estimated monthly cost share for EDWP services would be $200).
- Some adjustments may be made to reduce cost share, including “spousal diversion” for individuals who are married and only one of the couple is participating in a Medicaid program.
Assets/Resources are limited to $2,000 for an individual. This includes stocks, bonds, savings accounts, certificates of deposit, second homeplace, second automobile, property not connected to the primary homeplace, etc.
There is a five-year lookback period for transfer of assets. Individuals who have transferred assets or property to another individual in the last five years may be subject to a period of disqualification for Medicaid waiver programs. This period of disqualification is based upon the value of the transfer and the date upon which the transfer occurred. You may still be eligible for services even if you have recently transferred assets to someone else.
Program participants must meet a nursing home level of care. This does not mean that applicants must currently reside in a nursing home. It simply means that the applicant’s need for care must be consistent with those who are eligible to receive Medicaid care in a nursing home (typically 5+ hours or care needed daily).