Your English writing platform
Discover LudwigExact(4)
What's the asset limit for those applying for Medicaid reimbursement of nursing home costs?
In response to this, the government is increasing the maximum amount of debt that can be covered by an order to £20,000, and more than tripling the asset limit to £1,000, plus a vehicle (worth not more than £1,000).
Advocacy groups have encouraged policy makers to expand LTSS eligibility to a uniform 300% of SSI and to greatly increase the asset limit (Howes, 2010).
For households with a disqualified member, the asset limit is reduced to $2,250.
Similar(56)
We also find that relaxed asset limits reduce SNAP churn by 26percentt.
Combine these inaccessible income tax breaks with strict asset limits in public-assistance programs, and the poor face asset denial.
The couple were archetypal "Alices" – the asset limited, income-constrained employees that short-term, high-cost loan companies target – when they first borrowed from Wonga, and were able to repay their loans on the agreed date.
And the asset limits for going into a nursing home in New York are relatively liberal: $115,920 and a primary residence for a married couple; for a single person, it is far lower, at $14,400.
Asset limits in means-tested programs are designed to target benefits to the neediest people, but they can discourage low-income households from saving and can increase program costs when participants leave and reenter the program (i.e., churn) for administrative reasons.
Using Survey of Income and Program Participation data from 1997 to 2013, we find that relaxing Supplemental Nutrition Assistance Program (SNAP) asset limits through broad-based categorical eligibility increases the likelihood that low-income people live in a household with a bank account (by 5percentt) and at least $500 in that bank account (by 8percentt).
SSI is a means-tested program, with eligibility subject to strict income and asset limits.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com