If my spouse goes into a nursing home, will I have to give away most or all of my assets in order to protect them from being taken to cover the cost of care?

If my spouse goes into a nursing home, will I have to give away most or all of my assets in order to protect them from being taken to cover the cost of care?

No. This is another myth regarding Medicaid. Under federal Spousal Impoverishment Protection rules, you can receive Medicaid benefits and retain your home, your vehicle, your household effects, and “countable” assets up to a state-determined maximum. Request a free Medicaid Planning brochure.

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