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.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.
Latest posts by Eghrari Wealth Training Law Firm (see all)
- Why Would You Use a Trust? - October 19, 2021
- Aging in Place With Community Medicaid - October 12, 2021
- How Can You Mitigate Estate Tax Exposure - September 27, 2021
Inheritance Tax: Don’t Be Confused
See Larger Map
Get Directions