Question is for Gabriel Heiser.
My only money to pay for the NH is the life insurance policy for my husband. Cash Value is $76,653. That would pay for almost a year, but the IRS is going to take 1/3 for taxes. Is there any way of getting around this! It just makes it all that much sooner that I will have to apply for Medicaid. I don't understand. I also have a 301 K annuity for myself ....surrender value $41,000 and a life insurance policy on myself cash value $13,796. No savings. We do both have SSI and small pensions. What advice do you have for me?