6 ms·
Interestingly in some states it's even higher than $636k! However, I think you're on the nose with the long term care facilities. Medicaid will only pay 100% o
by hotdogrelish 4y ago
Interestingly in some states it's even higher than $636k!
However, I think you're on the nose with the long term care facilities. Medicaid will only pay 100% of any nursing home care (high end or low end) if your countable assets are $2500 or less. Additionally, Medicaid considers your income going back 5 years in order to determine eligibility, so selling (or putting into a trust) sooner rather than later can make sense for a lot of people.
https://www.webmd.com/health-insurance/features/when-how-much-medicaid-pay-nursing-home-care https://www.webmd.com/health-insurance/features/when-how-muc...