Protect Your Assets and Your Home
Medicaid used to be simple. The home or family farm was a protected asset. Sure, you may have had to spend down nearly every last dime, but at least your little slice of the American Dream was protected.
But times have changed.
In an effort to get more funds to fuel the Medicaid system, the patient’s principal residence is no longer the sacred cow it always had been.
Medicaid now puts a cap on how much equity you can have in your home and still qualify for care. The cap requires the patient to use one of several strategies to minimize the equity and still qualify for care.