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All assets within five years of applying for Medicaid are subject to government scrutiny, meaning they may have to be turned over to the government, even if the money was given as a gift to a child.
In your case, you may be more free to tie up additional assets in a Medicaid protection trust if the funds in your husband’s trust would be available to him and you when and if needed.
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THE MEDICAID ASSET PROTECTION TRUSTAn important tool for clients who are looking to protect as many assets as possible while qualifying for Medicaid benefits is the Medicaid Asset Protection ... is considered a gift, or a ...
adamkaz/Getty Images White House officials and Republican congressional leaders are reportedly looking at plans to significantly reduce Medicaid funding. Medicaid cuts could impact people who rely ...
When you spend down your assets, transfer them or place them in a Medicaid Asset Protection Trust within the five-year look-back period, you generally trigger a penalty period that must elapse ...
(The Center Square) – Expanding Medicaid coverage in Wisconsin would ... the extra money on non-healthcare services or used to reduce taxes, or some combination of healthcare and other priorities.
Can a community spouse gift to her children or pay any bills they can't pay out of her own income and assets after Medicaid long-term care has been approved for a spouse applying for Medicaid?
K-12 spending in Indiana for years has been 50% of the state budget. But in the current biennial spending plan, that dropped to 47% as the Medicaid portion grew. (Getty Images) It’s clear that ...
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