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re: Nursing home care costs and availability
Posted on 10/23/23 at 6:09 am to BLM
Posted on 10/23/23 at 6:09 am to BLM
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 on 10/23/23 at 9:13 am to Allthatfades
If I recall correctly owning your home will not count against you when you calculate your assets for Medicaid purposes.
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