Many people are under the impression that they have to be impoverished to qualify for Medicaid. However, Medicaid allows for many assets to be kept. These can include a home, car, personal belongings, household goods, and other assets. Medicaid also has an anti-impoverishment clause for the spouse of the Medicaid recipient, which includes the retention of income and a substantial amount of assets.
Medicaid rules are typically complicated and confusing and penalties for improper reporting are severe. Mr. Nation can structure your estate in such a way that you can keep the maximum amount of your assets allowable under law.