Medicaid eligibility appears, at first glance, to be for the very poor — almost no assets or income. However, the assets and income that count for the Medicaid tests are not all of your assets. Your homestead doesn’t count, for example, although it is subject to Medicaid recovery if you don’t plan correctly. In other words, you can have a home and qualify for Medicaid, but Medicaid will get your home when you die. UNLESS, you plan. We can save your home! If you are married, assets and income must be left for the well spouse, so those don’t count those either. IRA? Maybe not.
The bottom line, if you are having to immediately qualify for Medicaid, you still have many options. We can certainly improve you and your family’s situation, but what exact income and assets that can be saved is a matter of study and analysis. It is literally true, that each case is different.
The only way to know how we can help is to have a free consultation. I can almost guarantee that we can do something to improve your situation.