One of the biggest issues surrounding Medicaid planning is determining whether you can meet the individual asset limit associated with the program. Medicaid, unlike Medicare, is a form of welfare, not an entitlement program. As such, there are stringent asset restrictions associated with it. Those who own more than the asset limits are not able to qualify for the program, and must use their personal assets to pay for long-term care until those assets are below the maximum asset threshold.
Topics covered in this report include:
- Assets and Medicaid Planning
- Countable Asset Calculation
- Structuring Assets
- Talk to Your Lawyer as Soon as Possible