Question: I’m taking a long-term care insurance course. In it there is a discussion of Medicaid asset limits and a list of non-countable assets. It’s reporting that cash value life [...]
Question: If I need to go to a nursing home on Medicaid, will my wife’s IRA be counted as an asset in determining my eligibility? Response: That depends on your state. Some states treat [...]
Question: I have a non-retirement account at Fidelity with my name on it and the beneficiary is the Robinson Crusoe family trust. Can I put my companion, Friday, on the account as well and then [...]
Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?
Question: My husband has been in a nursing home for two years already. I need to sell 5 rental homes that I cannot manage and don’t want any more. Can I sell them if they are on my name? [...]
Question: My parents have a family acreage. My mother is going to be in need of a nursing home soon. My father does not want to have the state liquidate this property; instead, had wished to pass [...]
Question: My mother is applying for Medicaid for my step-dad. We found several gold and silver coins that he had apparently been collecting and stashing in his closet. Are these considered [...]
While two-thirds of nursing home residents are covered by Medicaid, at root it is a health care program for the poor. The definition of “poor” has become quite complex in the area of nursing home [...]