Medicaid is a government-sponsored health insurance program that helps low-income individuals and families cover the cost of medical care. In order to qualify for Medicaid, applicants must meet certain income and asset requirements. For some Maryland residents, this...
Plan For The Future With Confidence
Plan For The Future With Confidence
Medicare
Assets that can be kept for Medicaid eligibility
Long-term care adds up fast; the annual median cost for a private nursing home room was $105,850 in 2020. The government can pay the bill for people with Medicaid, but it's not easy to qualify. However, there are tools a person can use to avoid spending down assets...
Am I not allowed to give gifts if I want to qualify for Medicaid?
Many Marylanders who are starting to think retirement may realize that they simply have not saved up enough money to afford a nursing home should they need one. Even if they have put together some savings and have some plan for long term care, with nursing homes...
