Seniors can often struggle with income and finances as they quit working and no longer have access to their employer-provided insurance or can no longer afford the premiums. Many seniors can qualify for Medicaid, which covers long-term care, including nursing homes, sometimes at no cost to the seniors. A Medicaid planning attorney in Lakewood Ranch Fl can help you determine if you are qualified or not. Still, there are some guidelines that Medicaid outlines to help figure out eligibility.<\/p>\n
Countable Assets-<\/strong> Nursing home residents applying for Medicaid can only have so much in assets to be eligible. Today that countable measurement is no more than $2,000 for individual and up to $128,640 in asset eligibility for married couple per federal guidelines but can change from state-to-state or as legislation changes since the program is state-run.<\/p>\n The assets, including in countable assets, include everything the nursing home resident owns except for the following:<\/p>\n