“Bonnie Kraham column: 2020 rates for Community Medicaid and Nursing Home Medicaid,” by Bonnie Kraham,RecordOnline

Quote:

“The Medicaid Asset Protection Trust protects assets from nursing home costs and home care after the assets are in the trust for the required amount of time. Despite strict Medicaid rules, it is almost never too late to save money from long-term care costs using spousal refusal for married couples or the gift and loan strategy that may save half of a single person’s assets. Consulting an elder law attorney when faced with a Medicaid application is essential.”

 

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

LTCI producers, meet your competition. This is just one of over 4,000 Medicaid planning attorneys promising to make LTC risk and cost go away after the insurable event has occurred.