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.
Typically, you can deduct nursing home expenses for yourself, your dependents or your spouse.Nursing and retirement home expenses are considered medical expenses by the Internal Revenue Service.However, the care must meet certain qualifications before you can claim the full amount as an expense, and you must itemize your deductions to gain any benefit.ypically, you can deduct nursing home expenses for yourself, your dependents or your spouse.