I didn’t think you could keep anything. When the assets dwindle to nothing, Medicaid begins. Medicaid is triggered by everything running out.
They won’t take a house, or a car, or attach earnings. But when you die, they go after what’s left, ahead of heirs, I believe.
“I didn’t think you could keep anything. When the assets dwindle to nothing, Medicaid begins. Medicaid is triggered by everything running out.”
A spouse is allowed to keep the home, take the Medicaid spouse off the deed and keep 75,000 in assets. The rest can be spent down for legitimate expenses like a car, pre-paid funerals, etc.
Depends upon where you live and how your estate is configured. In CA you can have $2000 with the rest in a revocable trust.
According to the article, current income is the only criterion for Medicaid, assets don’t count anymore.
You are speaking about Traditional Medicaid, not Expanded Medicaid, but you probably know that by now. Even there, exemptions for assets exist.