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
Click here to read the whole article or download the PDF.
- Trust Creation Steps for the Beginner - May 18, 2022
- The Equal Gifting Dilemma - May 4, 2022
- Can I Prevent a Challenge to My Will? - April 27, 2022
See Larger Map
Get Directions