My husband and I are over 80 years old. We own our house and a car. We also have some savings in the bank. Some people have suggested that we put that money under our daughter's name (she lives in another city), but we don't think it's legal. Both of us have health issues, especially my husband who lately suffered two strokes and was left with many limitations. My question is what will happen if we live long enough to use up all our savings. Right now we live on what we get from Social Security, but since it's not enough for to cover all our needs, including hospital and medication co payments, the savings are decreasing day by day. If that day comes, what can we do to meet our financial needs. Our daughter is not in the position of helping us. Is there a waiting period between our assets are almost used up and qualifying for Medicaid?