This has been a very common question over the last few months! Many families are worried about how their loved ones on Medicaid will be affected by the stimulus check. As you know, as a Medicaid recipient, you have to maintain under a $2,000 threshold to receive your Medicaid benefits.
Many people are frightened because they wanted to remain within those resource limits, which is important.
Well, there is good news! The statute has been modified so that the stimulus checks will be ignored for 12 months. This means that Medicaid recipients have a whole year to spend that money.
There are a few ways you can spend that money to help benefit those loved ones in nursing homes. One way is to buy a tablet or iPad for them so they can video call with you and other family members. It has been hard to stay connected with our loved ones in homes as a result of the ongoing pandemic. So, having frequent virtual calls can help you and them stay in touch!
Another option is to gift that money or use it to buy gifts for your children. The Center for Medicaid Services approved that you could use your stimulus money as a gift!
As always, if you ever have any questions about your Medicaid benefits, contact us! You can also learn more by watching more videos like this in our video library.