The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, or âobligeeâ, guaranteeing that the principal will enter into the contract, if it is awarded.
Personal funds. Nursing Homes. Some people enter a nursing home as private pay residents, using a combination of resources to pay their expenses and eventually spend down their resources and meet the requirements for Medicaid to pay for care. Some nursing homes require payment upon admission. If a resident pays for nursing home care with personal funds and depletes their resources, they may then qualify for Medicaid. In such cases, the state of Texas reimburses the nursing home for up to 3 months before Medicaid approval. The nursing home then refunds personal payments according to specific time limits.
To qualify for Medicare at age 65, you need 40 credits or 10 years of work. You may qualify for Medicare through your own earnings history, your current spouse, former spouse or deceased spouse. (Note: State of Maine employees hired or rehired after March 31, 1986 are subject to the mandatory Medicare payroll tax of 1.45%. This also qualifies you for Medicare benefits.) You may also qualify for Medicare if you receive Social Security disability benefits.