Paying for Long Term Care
If you do nothing else . . . READ THIS NOW:
— Before You Agree to Pay a Nursing Home Anything
— BeforeYou Agree to Turn Over All Your Assets
— Before You Decide You Are “Too Rich” for Medicaid
By the time you get to the end of this page, you will understand that everything you thought you knew about PAYING FOR LONG TERM CARE was completely WRONG.
Myth No. 1: Government Pay for Nursing Home Care is only for the Very Poor. Correct statement of the law, but not a correct statement of reality. Non-countable assets remain available for a Medicaid recipient’s use.
Myth No. 2: By the Time I Need a Nursing Home, I Won’t Care. Not true. No matter why you are in a nursing home, you will need money for comfort, entertainment, and dignity.
Myth No. 3: I Will Just Give Away My Money to My Kids. Do that, and you will have neither your money nor Medicaid eligibility.
Myth No. 4: This Sounds Illegal. Not only is “Medicaid Planning” legal, is is based on the government’s own rules. Qualified Medicaid Planning and Elder Law attorneys scrupulously adhere to the complex rules that few other attorneys even know exist.
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