If you are married, and either you or your spouse have to move into a nursing home, Medicaid eligibility can become hard to manage. There are so many moving parts within Medicaid, especially for a married couple.
Our team at Richard A. Myers, Jr. and Associates is here to help families protect their assets while still remaining eligible for the help they need from Medicaid.
What Happens to My Medicaid When My Spouse Moves into a Nursing Home?
Many people in this situation are concerned with what will happen with their homes. The good news is that the home is exempt as long as the equity is less than $603,000.
There are many other concerns that people face when they are in this situation, which we can talk in further detail in a consultation and in future blogs.
Overall, there are ways to help keep your Medicaid eligibility when a spouse goes into a home while the other stays in the community. The anti-impoverishment rule of Medicaid allows married couples to split their assets under certain limits.
It isn't always an equal division. And this is when it becomes important to work with an elder law attorney because one of the things we're going to be able to do is we've already protected the home.
If you have any questions about your Medicaid eligibility, please contact us today for a consultation!