Spousal impoverishment is a concern for married couples when one spouse needs long-term care and applies for Medicaid. If one spouse requires care in a skilled nursing facility and the other remains at home, the spouse at home (the “Community Spouse”) might face significant financial hardships. The […]
Read more →Archive for the Medicaid Category
If you want to make sure that your or your family member’s assets can be protected from a potential future need for long-term nursing care, you or your loved one must sign a “Medicaid Planning Compliant” General Power of Attorney document (“MCPOA”). The MCPOA will serve to […]
Read more →Medicaid imposes strict rules on how much money and assets an applicant can have. To qualify for Medicaid, you must fall under the asset limit, which is $2,000 in most states. Even with greater than $2,000 in assets, however, you may be able to get on Medicaid […]
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