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Every year the Medicaid rules change regarding the value of assets one can own, and the amount of income one can have, and still qualify for Long Term Care Medicaid in their state.
Prior to Covid, people generally wanted to stay in their homes as long as possible and rely on the nursing home as a last resort. Now, during and post-Covid, the middle class senior citizens are even more adamant that they will do whatever is within their family's power to avoid having to reside in a nursing home facility where viruses can spread quickly and cause major damage.
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
Негізгі бет New 2021 Medicaid Nursing Home Asset and Income Rules
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