Qualifying for Medicaid Long Term Care Benefits in Oklahoma
This is an overview of the Medicaid qualification rules for the State of Oklahoma. These rules are subject to change at any time.
What are the major financial requirements for being approved for Medicaid long term care benefits?Oklahoma allows Medicaid applicants to keep up to $2,000 and certain exempt property, such as the home (subject to State recovery), a car, wedding rings, funeral trusts up to $10,000, burial plots, and a small burial expense fund to cover incidental expenses. Other states are more restrictive. There are also limits on how much the non-institutionalized spouse may keep.
What are the Income rules?Oklahoma's income rules are more restrictive than most. It says if the applicant's income exceeds $4,365 and it is all personal and not capable of being allocated to the spouse, the applicant cannot qualify for Medicaid benefits in Oklahoma. If the applicant receives more than $2,163/mo, but less than $4,365/mo (for 2014), he or she has to set up a Medicaid Income Pension or "Miller" Trust. The money in the Miller Trust and the income it generates is considered "unavailable" to the Medicaid Applicant. The applicant is allowed to retain $50 per month and if married, the spouse may have an entitlement, as well, if he or she doesn't have enough personal income. The balance of the "unavailable" income goes to the nursing home and Medicaid pays the difference between the actual cost of the nursing home and the amount the Medicaid Applicant pays each month. The more money the Medicaid Applicant receives, the less Medicaid has to pay. Conversely, the less money the Medicaid Applicant receives, the more Medicaid pays each month to the nursing home. When the Medicaid recipient or surviving spouse dies, Oklahoma will recover its expenses from the decedent's estate unless a proper estate plan is in place.