What is Medicaid?
Medicaid is a US health insurance program that’s extended to certain families and people with low resources and incomes. It’s a means-tested program jointly funded by the US government and the government of Utah. It’s managed by the individual state where the scheme is offered.
People served under the Medicaid program have to be US citizens or legally permanent residents of the country. These include low income adults, their children and individuals with disabilities. However, poverty alone doesn’t qualify a person to subscribe to Utah Medicaid. It’s the biggest funding source regarding health-related and medical services for people having a limited income in the US.
Types of Utah Medicaid Long Term Care
To be eligible for a long term Medicaid care in Utah, you have to fit into the two following categories: you either have to be an adult or child having physical or medical disabilities or over 60 years of age with mental retardation.
Following are the requirements to be met for Utah Medicaid long term care:
A person approved of availing Medicaid in Utah can own a home valued up to $500,000 or a car of any value. A cash surrender value on life insurance not greater than $1,500 must be held in the name of the applicant.Utahh as an estate claiming plan. This means the state can bill the estate against the applicant of the latter fails to pay the premium on the Medicaid policy. However, no claim would be filed if there’s a living spouse in the house or a permanently disabled or bind person.
An individual won’t be eligible for Utah Medicaid long term treatment if his countable resources are over $2,000 per month, excluding the expenditure. The income would count the money received from maturity value of other insurance policies and bank interests and miscellaneous incomes.