This is not good advice. Enough people have given away all their assets to qualify for Medicaid, that there are rules to prevent this: >...To prevent candidat

This is not good advice. Enough people have given away all their assets to qualify for Medicaid, that there are rules to prevent this: >...To prevent candidates from simply giving away their money or resources to qualify for Medicaid, the federal government implemented the “look-back period”. This is a set period of time prior to the individual’s application during which the Medicaid administering agency reviews all the financial transactions that the senior has made. If a transaction is found in violation of the look back period’s rules, the applicant will be assessed a penalty. Penalties come in the form of a period of time that the applicant is made ineligible for Medicaid. https://www.payingforseniorcare.com/medicaid/look-back-period.html https://www.payingforseniorcare.com/medicaid/look-back-perio... The "lookback period" is usually 5 years. Also since nursing homes lose money on medicaid patients they tend to have limits on how many medicaid patients they will accept. If you are on medicaid, you might not be able to to find a reasonable nursing home that will accept you. A better answer us to buy long-term care insurance. If you go into a nursing home and you eventually have to go on medicaid, it is illegal for them to kick you out.