To begin an estimate of how much money you may need to spend down in order to qualify for Medicaid long-term care in your state, consider trying out thisonline calculator. Connect With an Expert Each state has different requirements when it comes to Medicaid spend down. In addition, the ru...
In this article, we’ll cover everything you need to know about Medicaid spend down. We’ll discuss what it is, how it works, what assets and income you can “spend down” to potentially qualify for Medicaid, and we’ll also address some of the most frequently asked questions. What is...
Lawmakers Consider Restricting Transfer of Assets to Qualify for Medicaid, USAAP/San Francisco ChronicleCQ HealthBeat
They have been married for 25 years, but have had separate assets the whole time. He only has $5,000 plus his Social Security to his name. We are going to try to get him on Medicaid to get him placed in a nursing home, but we want to know whether her assets will be count...
Many people are surprised to learn they don’t have to get rid of all their assets to qualify for Medicaid. A clear understanding of Medicaid resource limits and rules will help you devise the best legal and financial planning strategy for your situation
Why Spend Down Assets When You Don't Have To? The Oregon Medicaid rules and regulations are complicated and constantly changing, but we can put in place the proven money-saving tactics and strategies that will enable your family member to qualify for Medicaid benefits without having to first sp...
Why Spend Down Assets When You Don't Have To? The Oregon Medicaid rules and regulations are complicated and constantly changing, but we can put in place the proven money-saving tactics and strategies that will enable your family member to qualify for Medicaid benefits without having to first sp...
Medicaid has restrictions on when and how you can gift your assets in order to qualify for assistance. Certain transfer penalties can be applied. The general transfer penalty law has a five-year look-back period, so the sooner you start your planning, the better off you will be. ...
These limits are designed to prevent individuals from “spending down” their assets to qualify for Medicaid by limiting the amount of resources they can retain. It is important to note that not all assets are counted towards the Medicaid asset limits. Certain assets, known as exempt assets, ...
Nursing homes costs are on the rise. Discover top strategies for protecting assets from nursing home costs and improving your Medicaid eligibility.