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Home > ALTCS > Financial Eligibility
ALTCS Financial Eligibility Guidelines

There are three financial eligibility tests that an applicant must pass.


Resource Test   *   Income Test   *   Transfer Test



RESOURCES:

For single applicants ... do you have less than $2,000.00 in countable assets?

 
For married applicants ... do you and your spouse have less than $25,448.00 in combined countable assets (for year 2014)?
 
If you answered yes, you may be resource eligible for ALTCS now.
 
If you answered no, you may want to consider scheduling an initial consultation to find out how you can become resource eligible for ALTCS.
 
If you answered no and you are married, you may want to consider scheduling an initial consultation to find out how you may be able to retain more than half of the combined assets.
 
If you are not sure, find out here what ALTCS considers a resource / asset?


INCOME:

For single applicants ... when added together is your total gross income equal to or less than $2,163.00 per month (for year 2014)?

 
For married applicants ... when added together do you and your spouse have total gross income equal to or less than $4,326.00 per month (for year 2014)?
 
If you answered yes, you may be income eligible for ALTCS now.
 
If you answered no, you may want to find out how an income-only trust (aka: Miller trust) can help you income qualify for ALTCS.
 
If you are not sure, find out here what ALTCS considers income.

 

TRANSFERS:
For single applicants ... In the past five years have you given away any money or assets that you could have used to pay for your care?

 

For married applicants ... In the past five years have you or your spouse given away any money or assets that you could have used to pay for care?

 
If you answered no, you may be transfer-eligible for ALTCS now.
 
If you answered yes, you may want to schedule an initial consultation to find out how ALTCS will view these transfers, what your period of ineligibility will be, and to see if there is a way to fix or adjust your eligibility.
 
If you are not sure, find out here what ALTCS considers an uncompensated transfer.