Protecting your home should be considered part of your overall medicaid strategy and must take into account your other assets and income consulting with a medicaid expert is crucial as the above strategies require knowledge of your states rules governing estate recovery property deeds assets capital gains mortgages taxes and medicaid. This amazing guidebook will help you discover the secrets of protecting your family assets in ways that will not disqualify you from medicaid benefits the contents include a comprehensive working definition of medicaid what is provided and how to apply for the program. Medicaid is health insurance that helps people who cant afford to pay for their medical expenses many people feel that because they own a home or have some assets that they cant qualify for medicaid help with their nursing home and doctors bills the truth is there are a variety of assets people . As described previously if you were to gift or divest your assets to your children within 5 years of entering a nursing home and you apply for medicaid online or off you will be denied coverage until the money is returned. Indiana medicaids perspective of assets income the medicaid program uses the term resources to mean assets the medicaid program distinguishes resources and income in determining eligibility and calculating the amount that a medicaid recipient must contribute to medical expenses
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