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re: Nursing home care costs and availability

Posted on 10/23/23 at 6:09 am to
Posted by Allthatfades
Mississippi
Member since Aug 2014
7079 posts
Posted on 10/23/23 at 6:09 am to
quote:

When you say a 5 year look back, you mean assets and finances correct?

Correct. I’m in Mississippi, so things may be a tad different in Louisiana. But here, if you get your wife’s name off all the assets/finances, you should qualify. If you’ve sold/transferred property or large amounts of money in the last five years, it makes it harder. The Medicaid application is a hassle and a process and there’s a lot of things to provide-bank statements, etc., so you probably won’t to get started on it. I used to work with long term care Medicaid here in Mississippi and have helped lots of nursing home residents get qualified.
Posted by ynlvr
Rocket City
Member since Feb 2009
4732 posts
Posted on 10/23/23 at 9:13 am to
If I recall correctly owning your home will not count against you when you calculate your assets for Medicaid purposes.
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