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Medicaid coverage often has many requirements to qualify. Most notably, in many jurisdictions, there is an aggressive asset limit that requires you to liquidate
by JoshTriplett 3y ago
Medicaid coverage often has many requirements to qualify. Most notably, in many jurisdictions, there is an aggressive asset limit that requires you to liquidate almost everything you own, in order to get coverage when disabled or elderly. Those limits can apply retroactively up to five years, and can also prevent disabled people from being able to marry, because they would lose benefits due to a partner's assets.
- piyh 3y agoThe Medicaid trust is the way around that. It's not a great solution, but it's at least something if you're in that position and have the time to plan.