Liquidating assets medicaid

In other countries, such as Canada, this is not required.

The government there believes that these people have paid into their Medicaid their whole lives, so the benefits are part of their rights. Here, the all-mighty government forces seniors to deplete their assets.

In addition to this awful mandate, there is no cap on the amount that has to be spent down.

Every state must adhere to these new regulations, or they will run the risk of losing federal funding.

This not only affects the person going into the nursing home, but the healthy spouse as well.

This requirement leaves the healthy spouse with little to nothing to live on. Plan to Reduce the Cost of the Nursing Home We discuss some ways to avoid the Medicaid nursing home spend down rules.

Until this is done, they will be solely responsible for covering the cost of nursing home care.

This is true even if the senior has a private plan to help pay for the care.



The protection of assets is a major challenge for seniors.

Currently, the government mandates that all assets are to be spent down if either spouse has to go into a nursing home.


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