The Whys and Hows of Medicaid Trust: A Medicaid asset protection trust allows a person to qualify for long-term care benefits from Medicaid while protecting assets from being depleted if long-term care is needed. To qualify for Medicaid, household assets must be under a certain level. Rules about …
protect your money from medicaid
Medicaid Estate Recovery — Are Your Assets Safe?
by Attorney William Hayes The longer you live, the better the odds are you will one day need long-term care (LTC). For the average person, the cost of that care can be prohibitive. Moreover, you cannot count on Medicare nor your basic health insurance to cover costs associated with LTC. Instead, …
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How To Protect Your Money From Medicaid
Why Protect your Money From Medicaid? Many seniors may find themselves facing overwhelming financial burdens in their later years due to medical expenses. Sixty-six percent of all bankruptcies are caused by medical bills and 7 out of 10 people over the age of 65 will experience the long-term medical …
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