What can they take away when you're in a nursing home
To pay for nursing home costs, what finances of yours can they take i.e. annuities, life-insurance, stocks, bonds, home, etc.? Is it different if you have a living spouse?
1 Answer from Attorneys
Re: What can they take away when you're in a nursing home
The nursing home can not take anything away from you. Medicaid, on the other hand, can require an individual to spend down their assets before Medicaid will pay any bills. Couples are treated differently than single people. Singles must spend down to $1500.00, while couples can exempt some resources and keep 1/2 of the non-exempt resources up to $90,000.00. If you have a situation, you should seek help from an attorney who practices in this area as soon as possible.
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