Follow
Share

My 77 year old wife has Alzheimers and is approaching the need for NH care.. We jointly own a home, cars, and have saving invested in stocks. Are the total assets, jointly owned, considered in determining her medicaid qualification, or are these assets split according to some formula to make that determination? Our income is SS and investment dividends.

This question has been closed for answers. Ask a New Question.
Thanks Pam
Helpful Answer (1)
Report

Yes jointly owned assets get divided up. If you can get her in as private pay, you have a much better choice of facilities. Ask to speak with the NH benefits consultant. Any NH is obligated to help sort the financials.
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.