Medicaid Spend Down Articles
Understanding Medicaid’s Lookback and Penalty Periods
Gifting an asset can cause problems if you later need to apply for Medicaid to cover a nursing home stay, especially if you use gifting as a way to spend down assets. Learn the details of Medicaid lookback and how it impacts the Medicaid penalty period.9 Comments
A Prepaid Funeral Plan Should Be Part of Your Medicaid Spend-Down
Money paid for advance funeral planning can be an exempt expense under Medicaid rules. Learn more about how preplanning a funeral can help you qualify for Medicaid.2 Comments
Spending Down to Medicaid Doesn’t Have to Impoverish Both Spouses
Medicaid spend down rules for married couples are different, depending on where each spouse is living. Known as the "community spouse," couples where one spouse still lives at home can often keep more assets.21 Comments
“Spending Down” to Medicaid: One Caregiver’s Personal Journey
For many families, navigating Medicaid eligibility seems complicated and the spend down process is one of the trickiest parts. Use this caregiver’s experiences to inform your own Medicaid planning strategy.85 Comments
How to Use a Miller Trust for Medicaid Eligibility
Qualifying for Medicaid coverage is a complex process that involves making sure a senior’s income and assets fall below certain levels. “Income cap” states allow applicants to use a specific kind of trust to help them meet these eligibility guidelines.1 Comment
Take the Guesswork out of Funeral Arrangements
Frank discussions about final arrangements are wise to have at any age. Use these strategies to broach the subject and develop comprehensive funeral plans for yourself and your aging loved ones.4 Comments
Top 5 Strategies for Protecting Your Money from Medicaid
Many aging adults must apply for Medicaid in order to afford long-term care. Here are some strategies for preserving some of your wealth while qualifying for financial assistance.20 Comments
The Top 8 Medicaid Planning Mistakes People Make
Proper Medicaid planning is crucial when it comes time to pay senior care costs. Here are some common mistakes people make when trying to plan for Medicaid.7 Comments
How to Use a Life Insurance Policy to Pay for Long-Term Care
Unsure about how you will be able to pay for elder care? Learn how to convert your life insurance policy into a Medicaid-qualified asset.23 Comments
Assets You Can Have to Still Qualify for Medicaid
What assets can you have and still qualify for Medicaid? Can your parents keep their house? Their car? Here are asset limits and guidelines for people who are applying for Medicaid and aren't sure what they qualify for.75 Comments
How Can My Elderly Parent Qualify for Medicaid?
Find out how annuities play into Medicaid planning for your elderly parents. It may seem hard to believe that annuities can help the elderly qualify for Medicaid - yes, Medicaid. This is sometimes called the "Half-A-Loaf" approach, and in certain cases, it can be a lifesaver for those who need the help the most.45 Comments
Can I hide money from Medicaid, so mom can leave her kids an inheritance?
Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.5 Comments
Medicaid Divorce: Is it a Viable Planning Option?
Medicaid forces a couple to divest themselves of the assets that they had planned to use for their retirement or to pass on to their family. When it comes to Medicaid planning, in some cases a couple may be better off financially if they're divorced.7 Comments
Does a Medicaid waiver cover all assisted living costs?
Medicaid never pays for everything associated with assisted living, even if your mom has early Alzheimer's.8 Comments
Can I spend down mom's life insurance assets to help her qualify for Medicaid?
You can buy your mom's insurance policy from her, and pay her cash, which she can spend down to quality for Medicaid.0 Comments