who fall into the second category are commonly overheard
saying, "Im already covered. I have Medicare
or Health Insurance. And if those dont cover me,
fact is this: Most long-term care costs are not covered
by Medicare or Health Insurance. And Medicaid will help
only after you spend down your assets.
the past, it has been common practice for people to
transfer assets to qualify for Medicaid. Some things
to consider currently:
for Medicaid is becoming increasingly difficult.
choice of care may be severely diminished if Medicaid
pays your bills.
you really want to rely on a bankrupt Medicaid system
to shelter your assets?