Watch the video on Medicaid Estate Planning Like this video? Subscribe to our channel. For those of you not familiar with the 2005 Tax Reduction Act, some of the provisions address specific transfers by seniors under the new Medicaid nursing home provisions. Under the new provisions, before seniors qualify for Medicare assistance into a nursing home, they must spend-down their assets. These new restriction...
Watch the video on How the Nursing Home Spend-Down Program Affects You and Your Family Like this video? Subscribe to our channel. Your Federal Government has mandated (as of June 30, 2006) that before you qualify for nursing home care, you must spend-down all of your assets. These restrictive new rules are designed to impoverish the healthy spouse. They have mandated a 5 year...
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