Several decades ago, Congress created safeguards to protect the savings of married couples using Medicaid. These protections prevent husbands and wives from bankrupting themselves funding care for their loved ones. They originally required states to allow spouses of nursing home…
In the United States, Medicaid is a public health insurance program that provides comprehensive coverage for health care and financial assistance to millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and…
To receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the threshold requirements of limited income and assets. Because of these rules, many candidates give away their…
In the United States, Medicaid assists low-income seniors with limited income and assets to pay for healthcare. Many seniors believe that the only way to qualify is to "spend down" their assets. While this is true in some cases, proactive…
You might want to rethink your understanding of Medicaid planning for long-term care coverage if you thought it only included meeting strict income and asset limits. You will also need to demonstrate you need the level of care typically provided…