Medicaid is a government health insurance program that will pay for long-term care. Since Medicare does not pay for living assistance, this program is relied upon by many seniors who need help with their day-to-day needs. There is an asset limit of $2000 for an individual, but many things that you own do not count. You could potentially give countable assets to your family members before you apply for Medicaid.
Topics covered in this report include:
- Medicaid Asset Limit
- Proving Lack of Testamentary Capacity in a New York Will Contest - September 27, 2023
- How to Handle the Black Sheep Beneficiary in Your Estate Plan - September 13, 2023
- What Is a New York Durable Power of Attorney? - September 6, 2023