Does Medicaid pay for nursing home care?
A. Only if you spend down and become poor to qualify. You can no longer give your assets away to your family and attempt to qualify for Medicaid. Generally you have to plan 3-5 years in advance to qualify for Medicaid if you want to gift your assets to your family. The law has become very complex and imposes stiff ineligibility periods if careful planning is not done years in advance. Medicaid is no longer a viable option for most middle class Americans. Only work with a very knowledgeable elder law attorney if you want to explore Medicaid as a possible option. Q. What is the solution? A. The first step is awareness. Realize that you are on your own to prepare for this. Neither the government nor your children will be able to provide or pay for the devastating cost of nursing homes. Medicaid will not be an option unless you become broke by the time you apply. Take action now to protect you and your loved ones. We suggest that you look into many options available for Long Term Care Insu
