Expert Secrets Save Thousands on Elder Law Medicaid
Key Considerations for Medicaid Planning
When planning for Medicaid, consider these critical factors:
- Income and Asset Limits: Each state has its own income and asset limits for Medicaid eligibility. Understanding these limits is crucial to ensure compliance and qualification.
- Spousal Protections: Medicaid provides certain protections for the spouse of a Medicaid recipient, allowing them to retain a portion of the couple’s income and assets.
- Estate Recovery: Be aware that Medicaid may seek to recover costs from the estate of a deceased recipient, but there are strategies to minimize this impact.