“To plan ahead to protect assets from nursing home costs, you may either buy long-term care insurance or create a Medicaid Assets Protection Trust (MAPT) that protects trusts from nursing home costs after five years. . . . If you’re a single applicant, we have the ‘Gift and Loan’ strategy. . . . If you’re a married applicant, we have some general protections, and then we have ‘Spousal Refusal’ if your assets exceed the general protections.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
See why we need to close Medicaid LTC eligibility loopholes?

Plan ahead, protect assets from nursing home costs

#goldencareagent