I can vouch on that....as long as you only have a limited amount of property and assets....nothing ever happens. However, from a couple of experiences I’ve viewed, it can get into a shocker. If you own a successful farm for example, with the property and equipment worth over a million and you get into serious Mediaid usage/cost....then they suddenly get interested. Same deal for some older person who saved all their life and is standing there with three-quarters of a million in bonds or CDs. The key feature is that Medicaid will cover you nicely.....as long as you live a very marginal or limited lifestyle. Don’t be overly successful in life....or else spend it all by the time you get on Medicaid.
It gets complicated but basically, to qualify for current Medicaid in Ohio you cannot have more than $1500 in assets. If you are entering long term care and have a spouse, she/he can reside in a residence, but when he/she leaves, the state gets to auction it off and recoup as much of the proceeds as necessary to cover expenses. The proceeds almost never cover expenses, (nursing home care typically costs north of 6-7000 per month) but that doesn't mean it isn't an important source of recovery for the state. They can and will go after anything you have including life insurance.