Are 40lKs and other retirement savings are protected by the amount of one's long term care policy? - AgingCare.com

Are 40lKs and other retirement savings are protected by the amount of one's long term care policy?

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Does this mean that when one's LTC policy amount is depleted (ex: $350,000 over a period of 5 years for nursing home care), then Medicaid covers any remaining expenses, thereby, leaving $350,000 of one's retirement savings intact? Does this apply to all LTC policies or only those purchased with that specific designation?

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After reading my post I realize it didn't make total sense. I meant to say Medicaid would probably require that 401k savings to be spent down before Medicaid kicks in if it becomes necessary. After all the 401K was to pay for their retirement, wherever they retire.
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If someone has a 401K for retirement and their retirement years end up being spent in a nursing facility that would seem appropriate wouldn't it?
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