Hi, everyone. I spent almost 45 minutes today speaking with a very nice lady from Medicaid. I’m trying to figure out if I want to apply for a Medicaid Waiver for my husband.
She explained to me how it works and how to set it up. The amount we would have to deposit each month is about $100 less than what his medically-related expenses are; including Medigap and Part D. She said it would also cover his copays for medications and incontinence supplies. Apparently it would even cover DME. But I wonder if it would really be worth it. The amount needed for the trust each month would really beggar us. Not certain it’s doable or worth it.
My question is, what if his expenses exceed the amount I would deposit in the trust account? Who covers that, how do I file for reimbursement?
I’m really trying to understand this and whether it would be worth it to open the trust. Another couple hundred out of our SS check is not doable if it would wind up being cheaper just to keep paying out of pocket for his stuff.
Explanations, experiences and advice much appreciated, as usual. Thank you!